“And very mixed in the direction they’re going,” Leclerc added.

She said some in the industry are saying the feedlots are full and feed prices are coming down, while other people indicated prices are largely unchanged.

• For daily market updates, visit the Western Producer Markets Desk

Leclerc said elevator prices are flat as well, but wheat prices have been pointing upward. That should lead to higher prices for feed wheat.

“They’re going to have to eventually buy it at a level where its comparable to where you can sell it elsewhere,” she said.

Feed prices were steady to higher across Western Canada, according to Prairie Ag Hotwire.

For the week ended April 1, feed barley gained seven cents in Alberta at C$5.01 to C$6.75 per bushel delivered and it added four cents in Manitoba at C$4.60 to C$4.75. Prices in Saskatchewan were unchanged at C$5.12 to C$5.45 bu./del.

As for feed wheat, prices were firmer, with the only increase in Manitoba of five cents at C$6.32 bu./del. Alberta was steady at C$5.97 to C$8.41 bu./del. and Saskatchewan held at C$7.30.

The post Feed Grains Weekly: Cash prices for wheat, barley largely flat appeared first on Country Guide.

• For daily market updates, visit the Western Producer Markets Desk

The loonie also gave up more than 9/10ths of a cent, making wheat and durum more appealing to export customers.

Canadian Western Red Spring

Average CWRS (13.5 per cent) prices advanced C$14.60 to C$25.70 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Prices ranged from about C$278.10 per tonne in southeastern Saskatchewan to C$304.70 per tonne in southern Alberta.

Quoted basis levels varied from location to location and ranged from C$36.20 to C$62.70 per tonne above the futures when using the grain company methodology of quoting the basis as the difference between the U.S. dollar-denominated futures and the Canadian dollar cash bids.

CWRS basis levels

When accounting for currency exchange rates by adjusting Canadian prices to U.S. dollars (C$1=US$0.7174), CWRS bids ranged from US$199.50 to US$218.60 per tonne. That would put the currency-adjusted basis levels at about US$23.40 to US$42.40 below the futures.

Looking at it the other way around, if the Minneapolis futures are converted to Canadian dollars, CWRS basis levels across Western Canada ranged from C$16.80 to C$30.50 below the futures.

Canadian Prairie Spring Red

Average CPRS (11.5 per cent) wheat prices increased C$15.90 to C$17.30 per tonne. Bids ranged from C$252.60 per tonne in northeastern Saskatchewan to C$281.20 per tonne in southern Alberta.

Canadian Western Amber Durum

Average CWAD prices were up more moderately, adding 40 cents to C$1.50 per tonne. Bids ranged from C$282.20 per tonne in northwestern Saskatchewan to C$296.90 per tonne in western Manitoba.

U.S. wheat complex

The May spring wheat contract in Minneapolis, which most CWRS contracts Canada are based off of, was quoted at US$6.5850 per bushel on March 31, advancing 27.25 cents on the week.

The Kansas City hard red winter wheat futures, which are now traded in Chicago, are more closely linked to CPRS in Canada. The May Kansas City wheat contract was quoted at US$6.3550 per bushel on March 31, jumping 31.50 cents.

The May Chicago Board of Trade soft wheat contract settled at US$6.1625 per bushel March 31, gaining 26.25 cents.

The post Prairie Wheat Weekly: Good increases for wheat, while durum nudges up appeared first on Country Guide.

Soybeans

China has been forecasted to see slightly more soybeans planted in 2026/27, due to government assistance and improved domestic prices.

For 2025/26, the USDA indicated 10.80 million tonnes of soybeans have been purchased by China or are being shipped to the country. Also, the USDA said 2.19 million tonnes are destined for unknown destinations and it’s not yet clear how much of the amount is destined for China. Soybean imports are to increase in 2026/27, but China’s demand is expected to slow over the coming years.

Canola

There’s to be a small increase in canola acres in 2026/27 as China begins expanding its winter canola area to idle land. Its winter canola currently accounts for less than 10 per cent of China’s total canola production.

In February, China removed or reduced the tariffs on its imports of Canadian canola seed and meal. Since then, China has bought 650,000 tonnes of canola from Canada.

Corn

As China continues to boost its domestic corn production, its import program has become more heavily focused on Brazil corn. Two years ago Brazil corn accounted for 47 per cent of China’s imports, followed by the U.S. at 26 per cent and Ukraine at 20 per cent. In 2025/26, Brazil stands at 61 per cent, with Russia at 17 per cent and Myanmar at 11 per cent. Ukraine and the U.S. fell to nine and one per cent, respectively.

Wheat

Although China’s 2026/27 wheat crop was planted later than normal, yields are projected to be a pinch higher than in 2025/26 while harvest area holds. Guaranteed returns have encouraged farmers to maintain 2025/26 levels. Reduced ending stocks in 2025/26 are to lead to a further decline in 2026/27.

The post USDA attachés forecast some changes in China’s oilseeds, cereals appeared first on Country Guide.

Haley said on March 12 that there’s an ongoing lack of farmer selling, plus stiff competition from the grain companies looking to export barley.

“That competition keeps moving a little more south,” he said of the latter. “The grain companies are very aggressive in purchasing barley out in the country for export.”

Added to that, Haley said there’s a minor third reason, a pickup in demand from end users after being on the quiet side for the last four months.

Haley placed feed barley at C$295 per tonne delivered Lethbridge for April-May-June and feed wheat at C$287. He suggested barley could poke above C$300/tonne in the coming weeks.

“If you do see that and the weather is agreeable to production, you better be selling the living daylights out of it,” he stressed.

Weather will be a determining factor, he continued.

“I was at the (Alberta Beef Industry Conference) last week and the CattleFax out of the U.S. is not predicting a nice growing season for Alberta and southwest Saskatchewan,” Haley said, noting “We’ll find out soon enough.”

Prairie Ag Hotwire reported feed barley was steady to higher for the week ended March 11, with Alberta up 15 cents at C$4.79 to C$6.21 per bushel delivered to the elevator. Manitoba saw a gain of nine cents at C$4.60 to C$4.70/bu.del. and Saskatchewan was unchanged at C$4.90 to C$5.45.

Feed wheat in Alberta and Saskatchewan was holding at C$5.97 to C$7.76/bu.del. and C$7, respectively. The Manitoba price rose 10 cents at C$6.14/bu.del.

The post Feed grains weekly: Prices bump up appeared first on Country Guide.

“The only strong bids out there are the line companies for export,” Beusekom said. “The feed guys are more or less flat.”

“The line companies are bidding farmers aggressively … for export,” he continued, adding that feedlot alley doesn’t need to look very far for enough barley or wheat.

In about a 100-kilometre radius, “they have a lot of local supply around them”, Beusekom noted. “In this crop year, they have not had to get aggressive looking for grain.”

He said the feedlots have bought about 95 per cent of the amount of barley and wheat they purchased this time last year, even with fewer cattle.

“They don’t have to move the market to get that supply.”

Feed prices

Beusekom said feed barley was about C$265 to C$270 per tonne delivered Lethbridge. Wheat and corn were around approximately C$270 to C$275 per tonne delivered Lethbridge, with corn keeping barley from going higher.

Prairie Ag Hotwire cited feed barley in Alberta at C$4.79 to C$5.99 per bushel delivered as of Feb. 18, up 11 cents on the week. Saskatchewan was unchanged at C$4.90 to C$5/bu. delivered, while Manitoba nudged up one cent at C$4.60 to C$4.62.

For feed wheat, PAH listed an 11-cent increase in Alberta at C$6.31 to C$7.70/bu. delivered. Saskatchewan and Manitoba held at C$7 and C$5.86/bu. delivered, respectively.

Beusekom said farmers need to start looking at new crop barley and wheat. That they should meet with their buyers and “put some hedges on.”

Supplies

Agriculture and Agri-Food Canada projected all wheat for feed, waste and dockage to bump up to 3.78 million tonnes in 2026/27 from 3.60 million in 2025/26.

AAFC forecast barley for feed, waste and dockage to relatively firm at 5.63 million tonnes for the new crop year, with that for 2025/26 at 5.55 million.

The post Feed Grains Weekly: Domestic prices remain flat appeared first on Country Guide.

• Solid crush data released Tuesday remained supportive for soyoil, helping underpin beans. Members of the National Oilseed Processors Association (NOPA) crushed 221.564 million bushels of soybeans in the United States in January, which was a record for the month and up 10.6 per cent from the same month a year ago.
• The U.S. Environmental Protection Agency is expected to submit proposed biofuel blending quotas for 2026 to the White House later this week.
• Rainfall in southern Brazil helped improve crop conditions, reducing concerns over hot and dry weather in the area. Meanwhile, the harvest was progressing in central and northern growing regions.
• Optimism over increased sales to China remained supportive for values, although the Lunar New Year holiday was limiting business.

WHEAT futures corrected higher amid ideas recent losses were overdone.

• Concerns over cold temperatures damaging winter wheat in parts of Ukraine were supportive.
• Warmer weather and dryness concerns in parts of the U.S. Plains were also supportive.

CORN futures were up in sympathy with wheat, with positioning ahead of the U.S. Department of Agriculture’s Ag Outlook Forum a feature.

• The USDA will release its first projections for 2026/27 supply and demand as part of the Ag Outlook Forum, with early trade estimates predicting a reduction in corn acreage and increases in soybean area.

The post U.S. grains: Soybeans steady, grains higher appeared first on Country Guide.

A firmer tone United States wheat complex offered support, as did the Canadian dollar which lost six-tenths of a cent on the week.

CWRS

Average CWRS (13.5 per cent) prices were 30 cents lower to C$1.70 per tonne higher, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Prices ranged from about C$249.00 per tonne in southeastern Saskatchewan to C$279.90 per tonne in southern Alberta.

Quoted basis levels varied from location to location and ranged from C$40.30 to C$71.10 per tonne above the futures when using the grain company methodology of quoting the basis as the difference between the U.S. dollar-denominated futures and the Canadian dollar cash bids.

Related: Canadian wheat exports strong as new record remains possible

When accounting for currency exchange rates by adjusting Canadian prices to U.S. dollars (C$1=US$0.7323), CWRS bids ranged from US$182.40 to US$205.00 per tonne. That would put the currency-adjusted basis levels at about US$3.80 to US$26.40 below the futures.

Looking at it the other way around, if the Minneapolis futures are converted to Canadian dollars, CWRS basis levels across Western Canada ranged from C$2.80 to C$19.40 below the futures.

CPSR, CWAD

Average CPRS (11.5 per cent) wheat prices were up C$3.20 to C$4.70 per tonne. Bids ranged from C$227.60 per tonne in southeastern Saskatchewan to C$253.50 per tonne in southern Alberta.

Average CWAD prices gave up 40 to 80 cents per tonne. Bids ranged from C$277.70 per tonne in southwestern Saskatchewan to C$289.20 per tonne in southern Alberta.

U.S. wheat complex

The March spring wheat contract in Minneapolis, which most CWRS contracts Canada are based off of, was quoted at US$5.6825 per bushel on Feb. 17, holding steady on the week.

The Kansas City hard red winter wheat futures, which are now traded in Chicago, are more closely linked to CPRS in Canada. The March Kansas City wheat contract was quoted at US$5.3875 per bushel on Feb. 17, advancing 8.25 cents.

The March Chicago Board of Trade soft wheat contract settled at US$5.3775 per bushel Feb. 17, increasing 9.50 cents.

The post Prairie Wheat Weekly: Cash prices mostly higher appeared first on Country Guide.

The Canadian Grain Commission reported 230,300 tonnes of wheat exports for the week ended Feb. 1, down from 353,300 tonnes the previous week. So far this marketing year, 11.5 million tonnes of wheat were exported, compared to 10.5 million at the same time last year.

The U.S. Department of Agriculture released its monthly supply/demand estimates on Feb. 10, with 2025-26 wheat ending stocks raised by five million tonnes at 931 million, exceeding trade expectations. Global carryout was tightened by 740,000 tonnes at 277.51 million, below the trade’s pre-report estimates.

Canadian Western Red Spring (CWRS) wheat was down C$0.10 to up C$2.40 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Average prices were between C$249.10/tonne in southeast Saskatchewan to C$279.60 in southern Alberta.

Quoted basis levels ranged from between C$40.20 to C$70.80/tonne above the futures when using the grain company methodology of quoting the basis as the difference between the U.S. dollar denominated futures and the Canadian dollar cash bids.

Accounting for exchange rates and adjusting Canadian prices to U.S. dollars (C$1=US$0.7383), CWRS bids were from US$183.90 to US$206.50/tonne. Currency adjusted basis levels ranged from US$2.40 to US$25 below the futures. If the futures were converted to Canadian dollars, basis levels would be C$1.80 to C$18.40 below the futures.

Meanwhile, Canadian Prairie Red Spring (CPRS) prices lost C$1.80 to C$2.60 per tonne. The lowest average bid for CPRS was C$224.30 in southeast Saskatchewan, while the highest average bid was C$248.80 in southern Alberta.

The average prices for Canadian Western Amber Durum (CWAD) were up C$2.80 to C$3 per tonne with bids between C$278.50 in southwest Saskatchewan to C$289.60 in southern Alberta.

The March spring wheat contract in Minneapolis, which most CWRS contracts are based off of, was quoted at US$5.6825 per bushel on Feb. 10, down 0.75 of a cent.

The Kansas City hard red winter wheat futures, which are now traded in Chicago, are more closely linked to CPRS in Canada. The March contract declined 4.25 cents at US$5.3050/bu.

The March Chicago soft red contract was down 0.5 of a cent at US$5.825/bu.

The Canadian dollar moved up 0.58 of a cent to close at 73.83 U.S. cents on Feb. 10.

The post Prairie Wheat Weekly: Spring wheat declines, durum higher appeared first on Country Guide.

“There’s starting to be more interest. Barley and corn prices are virtually the same price,” Haley said.

Flaking corn

He noted the cost savings come with steam flaking the corn, as that adds about 20 per cent more feed value. Even the cost of adding corn distillers dried grains is offset with the process.

Also heading into Western Canada is U.S. barley, Haley said.

“There has been Montana barley up here for quite a while now,” he commented. “Sometimes it’s not very much, but sometimes it’s quite a bit.”

Otherwise, the domestic feed market remains very quiet. He placed domestic barley for February delivery Lethbridge at C$260 to C$265 per tonne, March at C$270, and April-May-June at C$285.

For feed wheat, Haley said it’s virtually the same price as barley while demand for wheat “comes and goes.”

Barley exports

One bright spot for the Prairie feed market is export demand. Haley said the line elevators are competing hard with each other for barley.

The Canadian Grain Commission reported for the week ended Jan. 25, that barley exports of 1.48 million tonnes so far in 2025/26 are nearly 40 per cent higher than a year ago. Meanwhile, domestic use is down more than 13 per cent at 614,600 tonnes.

Feed prices

Prairie Ag Hotwire reported for the week ended Jan. 28 that feed barley prices were steady to lower, with Alberta remaining at C$4.50 to C$5.88 per bushel delivered. Those in Saskatchewan fell 15 cents at C$4.50 to C$4.75 bu./del. and Manitoba shed three cents at C$4.50 to C$4.61.

As for feed wheat, prices were steady to higher, with Alberta holding at C$5.85 to C$7.48 bu./del. Prices in Saskatchewan rose 13 cents at C$7 bu./del. and Manitoba bumped up a nickel at C$5.87.

Also, Prairie Ag Hotwire listed Montana barley at the equivalent of C$3.52 bu., holding steady of the week.

The post Feed Grains Weekly: More consideration being given to U.S. corn appeared first on Country Guide.

Concerns about a severe winter storm across much of the U.S. that started on Jan. 24 spurred the increases in the wheat futures. As did below normal temperatures in Europe. However, it’s believed the U.S. winter wheat has sufficient snow cover and Europe is to turn warmer.

A stronger Canadian dollar put a lid on the upswing in the Prairie cash prices, as the loonie rose by 1.11 cents at 73.42 U.S. cents.

CWRS

Average CWRS (13.5%) prices gained 30 cents to C$3.50 per tonne, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and Data Quotes). Those prices ranged from about C$247.00 per tonne in southeastern Saskatchewan to C$278.00 per tonne in southern Alberta.

Quoted basis levels varied from location to location and ranged from C$37.00 to C$67.80 per tonne above the futures when using the grain company methodology of quoting the basis as the difference between the U.S. dollar-denominated futures and the Canadian dollar cash bids.

When accounting for currency exchange rates by adjusting Canadian prices to U.S. dollars (C$1=US$0.7342), CWRS bids ranged from US$181.30 to US$204.00 per tonne. That would put the currency-adjusted basis levels at about US$6.10 to US$28.80 below the futures.

Looking at it the other way around, if the Minneapolis futures are converted to Canadian dollars, CWRS basis levels across Western Canada ranged from C$4.50 to C$21.10 below the futures.

CPSR & CWAD

Average CPRS (11.5%) wheat prices were down C$11.10 to up C$3.30 per tonne. Bids ranged from C$225.00 per tonne in northwestern Saskatchewan to C$249.10 per tonne in southern Alberta.

Average CWAD prices dipped 10 cents to adding C$3.70 per tonne. Bids ranged from C$273.80 per tonne in southwestern Saskatchewan to C$287.3 per tonne in western Manitoba.

U.S. wheat complex

The March spring wheat contract in Minneapolis, which most CWRS contracts Canada are based off of, was quoted at US$5.7175 per bushel on Jan.27, climbing 9.75 cents.

The Kansas City hard red winter wheat futures, which are now traded in Chicago, are more closely linked to CPRS in Canada. The March Kansas City wheat contract was quoted at US$5.3275 per bushel on Jan. 27, also up 9.75 cents.

The December Chicago Board of Trade soft wheat contract settled at US$5.2325 per bushel Jan. 27, increasing 13 cents.

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