Market Update The DBC arrow traffic light system is a good indication on the direction the market price is moving and when the time is right to buy. The PKE price is slowly coming down due to the international pricing dropping. Pricing is still above the $300/T point. The price of barley is still forecasted to be more than previous seasons. This years wheat harvest yields are average in comparison to last seasons harvest. Due to this trend it is hard to get a hold of forward pricing. Because the milk price is forecasted to increase, grain growers are more likely to hold onto their grain for longer and increase the price. It is recommended to start contracting grain for next season now to avoid the price increase. Protein has increased over the past month. Soya continues to firm due to delays at port despite Brazil being on track to harvest their largest crop in history. The Soya market is likely to continue to put pressure on other protein sources such as Canola and DDGs. Canola pricing has jumped $50 as a reflection of increased Soya pricing and poor harvest.
DDG is the highest it has been since May 2014. For more information on the market or to contract commodities please get in touch with your DBC rep about feed options we can provide to help you through these times. |