Glacier FarmMedia — Feed grain bids in Western Canada were showing strength in mid-March, as gains in crude oil spill into the agricultural markets.
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- Corn futures in Chicago climbed to their highest levels in 10 months, with the May contract up by 30 cents per bushel over the past month. Rising energy and fertilizer prices amid the escalating conflict in the Middle East added to expectations that farmers in the United States will shift more intended corn acres into soybeans this spring.
- West Texas Intermediate crude oil climbed to its highest levels in four years, trading at just under US$100 per barrel on March 19.
- Feed barley into the Lethbridge-area feedlots was priced at about C$285 to C$295 per tonne in mid-March, having risen by C$20 to C$30 per tonne over the past month, according to provincial data. Feed wheat priced similar, with corn from the U.S. at US$290 per tonne. • Seasonal price trends contributed to the gains, as feed supplies tighten ahead of cattle going out to pasture and the new crop.
- Solid export demand continued to underpin the domestic feed market, with more grain moving offshore this year. Canadian Grain Commission data shows 2.142 million tonnes of barley exported through 31 weeks of the marketing year, up from 1.204 million tonnes at the same point a year ago.
- Country-specific data through January shows China remains the largest single destination for Canadian barley in 2025-26, accounting for about 57 per cent of the movement to-date. Japan and Saudi Arabia were also major buyers.
- Canadian imports of U.S. corn are also up on the year, according to the latest USDA data. Canada has imported 383,600 tonnes of U.S. corn from Sept. 1 through March 12, which compares with only 101,700 tonnes at the same point the previous marketing year. An additional 201,100 tonnes are on the books to move later — roughly eight times the outstanding sales at the same point in 2024-25.
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