The Rural Voice, 1993-04, Page 23Grain Markets
range. With a large quantity of feed
wheat on the prairies, prices will
have a tough time showing any
strength. As a result, demand for
barley also remains soft. Ontario
barley is trading for about $100/mt.
Oats are the one bright spot in
feedgrains if you have any quantity
of oats left to sell. Prices for
reasonably good 36 Ib. Ontario oats
are in the $120 area and prospects
for new crop milling oats are
certainly better than for barley.
It is time to look forward, not
back. If you are a feeder who needs
to buy grain, there are some
excellent buys in corn and feed
wheat. Most feeders will be able to
use lighter -test -weight corn with
proper supplementation and over
the next few weeks there will be
plenty of opportunity to make good
purchases.
It's also time to be planning your
sales of new crop production. As
I've said before, there are usually a
few opportunities each year to sell
grain at profitable levels. Be sure
you look at the overall picture
rather than simply eyeing your local
situation. Different parts of the
province tend to grow certain crops
and you may be blinded by what
you seen in your neighbourhood.
Provincially, we are expecting a
smaller corn acreage and a larger
soybean acreage. So, try to make
your marketing plans accordingly.0
Information supplied by Dave
Gordon, LAC, Inc., Hyde Park,
519-473-9333.
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^DRIL 1993 19