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Feed Pea Benchmark

Prices on wheat softened in Saskatchewan and Alberta, while barley prices softened in Manitoba.
 
Barley prices remained unchanged except in Manitoba where prices decreased $5-10/T.
 
Corn remained unchanged across the Prairies but corn DDGS increased sharply in Manitoba due to continued elevated protein prices.
 
Soybean meal and canola meal remained largely unchanged across the Prairies over the past two weeks.
 
Feed grade peas and lentils continue to be very scarce and any pulse products used in feeds are now faba beans. Manitoba pricing on faba beans  ranges from $285-290/T, with a trading range of $260-270/T in Alberta and Saskatchewan. 
 
 
Source : Albertapulse

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USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension


USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.