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Barley Bids Show Slight Improvement

19 May 2010

CANADA – Cash bids for barley in the key feeding region of Lethbridge, Alberta, have increased by at least $5 (£3.37) per ton in the past few weeks, as many farmers are more concerned with progressing with spring seeding than delivering orders.

Consignments of the grain were hindered a few weeks ago when wet weather in the area made the ground too muddy to load vehicles. Now, feedlots are having to pay premium prices in order to encourage dispatches as conditions improve.

Speaking to the Alberta Farmer Express, Jim Beusekom, of Lethbridge's Market Place Commodities Ltd, said: "Producers are preoccupied with planting the crop. We're out there sourcing grain from producers and are paying a premium to those who are able to load."

Current bids in the region can be as high as $154 per ton, according to Mr Beusekom, compared with lower bids of $146 just two weeks ago but, despite the premiums, he said the barley market was "holding steady" overall.

TheCropSite News Desk

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