WINNIPEG, Nov. 14 (MarketsFarm) – The seemingly never-ending harvest across the Prairies has been responsible for a C$10 to C$15 per tonne jump this month in feed grain prices, said Glen Loyns, general manager of JGL Commodities in Moose Jaw, Sask.
“It’s probably gone up C$5 this week,” Loyns commented.
This year’s extended harvest coupled with large amounts of grain to move around has put a high demand on trucks, he explained.
“We’re really struggling with freight costs out of Saskatchewan. Freight costs out of anywhere have gone up,” Loyns said.
The prolonged harvest is thought to have largely come to an end, according to the most recent crop reports from Manitoba, Saskatchewan and Alberta. Accumulations of snow have made completing the last bit of crops more challenging, although the below freezing temperatures firmed up the fields to better support combines.
— Tim (@ICEMAN2087) November 14, 2019
Loyns said things should soon settle down as most of the harvest is now over. That, he noted, could result in prices slipping a little.