Grains are softening further on the prairies with the expectation of reduced canola planting this spring and increased barley and wheat acres. Soybean meal has remained flat despite downward pressure with reduced trade to China, while DDGS price has also softened. As we get into planting season in May, prices may have some firmness in the short term but with downward pressure over the medium to long term. Still a lot of variables at play though with a lot contingent on weather and trade spats! Feed peas have continued to soften with prices in Saskatchewan of $260-265 and Alberta of $265-270.
* Models have been updated to reflect the latest nutrient compositions of feed ingredients, which is done periodically.
Apr 16 – 19 Faba Bean Benchmark ReportSource : Alberta Pulse Growers