The Rural Voice, 1993-10, Page 24URAtLY PIGS
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L I M I T IE ID
20 THE RURAL VOICE
Grain Markets
September 10 to new recent lows.
Most traders were surprised by the
increase m soybean yields, especial-
ly with so much poor weather. So,
once again, we'll have to see some
crop harvested before reality sets in.
Even with the production increase,
usage looks like it will be higher
than production and prices will still
have to ration supplies.
FEED GRAINS
Ontario feed grain prices are
holding rather steady after the har-
vest lows. Barley is still selling for
$78 to $80 with milling quality oats
worth about $110 to $115/mt. Late-
ly we've seen some very light test
weight oats that are worth Tess than
$100/mt. Mixed grain trade is still
virtually non-existent although some
producers seem willing to sell at
$80/mt.
As I mentioned earlier, western
feed wheat is plentiful and cheap.
With prices under $110/mt, usage in
Ontario should be very high. West-
ern barley is selling for $102/mt, but
very little is being used. Heavy
western feed oats are trading for
about $150/mt with very few of
good quality being available.
Harvest conditions in Ontario this
year are a far cry from the terrible
times of last year. We've seen less
rain and more days of warm temper-
atures, and the crops, especially soy-
beans, seem to be maturing quicker
which should allow for more wheat
to be planted. Even though a small
amount of harvest started early last
year, there was no follow through,
while this year we think soybean
harvest will be in full swing by the
week of September 20 with corn har-
vest right behind. By mid-August of
this year, we heard of moisture
levels in corn that were lower than
last fall and test weights that were
already heavier. By the time the
October issue is out, Ontario farmers
should be right in the middle of
harvest with some even winding
down. And I still feel that producers
will see reasonable prices compared
to the past few years.0
Information supplied by Dave
Gordon, LAC, Inc., Hyde Park, 519-
473-9333.