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Large New Crop Expectations Weigh on Canadian Feed Grain Bids

Possible downgrades to wheat quality expected

Feed grain bids in Western Canada have trended lower over the past month amid expectations for large barley production and concerns over possible downgrades to wheat quality.

“We’ve definitely seen (barley prices) soften up quite a bit,” said grain broker Nelson Neumann, of Agfinity in Stony Plain, Alta.

New crop feed barley is trading at around $210 per tonne delivered into feedlot alley in southern Alberta, which compares with pricing near C$230 at the end of July. Click here for the full story.

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