Canada's Wheat Crop Also Contains High Proportion Feed Grade
Canadian feed grain prices are facing downward pressure after the country's Wheat Board confirmed unfavourable weather during harvesting had increased the amount of crops down-graded to feed.
Bruce Burnett, a weather and market analyst for the CWB, said Western Canada’s feed wheat supplies from its prairies are heavily determined by the weather. Heavy rains over the last few days have seen increasing amounts of wheat downgraded to feed category.
The same situation has also been seen in Europe.
Mr Burnett Said: “This year, in terms of the lower quality of feed quality wheats, we're seeing quite an increase in supply of that type of wheat.
“Certainly in parts of Europe and the former Soviet Union we've seen some difficulties during parts of their harvest that's caused some downgrading to feed.
“As well, the protein levels generally speaking have been fairly low in those regions which have also caused some of the wheat to fall into the feed category.”
Bruce Burnett, a weather and market analyst for the CWB, said Western Canada’s feed wheat supplies from its prairies are heavily determined by the weather. Heavy rains over the last few days have seen increasing amounts of wheat downgraded to feed category.
The same situation has also been seen in Europe.
Mr Burnett Said: “This year, in terms of the lower quality of feed quality wheats, we're seeing quite an increase in supply of that type of wheat.
“Certainly in parts of Europe and the former Soviet Union we've seen some difficulties during parts of their harvest that's caused some downgrading to feed.
“As well, the protein levels generally speaking have been fairly low in those regions which have also caused some of the wheat to fall into the feed category.”
