Feed weekly outlook: Prolonged Prairie harvest pushes up grain prices

(Photo courtesy Canada Beef Inc.)

MarketsFarm — A seemingly never-ending harvest across the Prairies has been responsible for a $10-$15 per tonne jump this month in feed grain prices, said Glen Loyns, general manager of JGL Commodities in Moose Jaw.

“It’s probably gone up $5 this week,” Loyns said.

This year’s extended harvest, coupled with large amounts of grain to move around, has put heavy demand on trucks, he explained.

“We’re really struggling with freight costs out of Saskatchewan. Freight costs out of anywhere have gone up,” Loyns said.

The prolonged harvest is thought to have largely come to an end, according to the most recent crop reports from Manitoba, Saskatchewan and Alberta.

Accumulations of snow have made completing the last bit of harvests more challenging, although below-freezing temperatures firmed up the fields to better support combines.

Markets should soon settle down as most of the harvest is now over, Loyns said. That, he noted, could result in prices slipping a little.

— Glen Hallick reports for MarketsFarm, a Glacier FarmMedia division specializing in grain and commodity market analysis and reporting.

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