Dry spring could lift grain prices, marketing analyst says

The dry, windy conditions across central Saskatchewan this past week could help drive up grain prices, according to one marketing analyst.

Neil Townsend, with Farm Link Marketing Ltd., told farmnewsNOW the weather could mean better prices, but the hot weather won’t help farmers overall if conditions don’t change.

“If your crops burn up or you don’t produce a good yield, the higher prices may help with the small amount you do have, but overall it hurts the farming experience,” he said.

Environment Canada has forecast rain Wednesday night and Thursday in some areas of central Saskatchewan including Prince Albert and North Battleford. Townsend said the rain can’t come soon enough, as the sub-soil and topsoil moisture levels have shown serious signs of deficiency.

“If we got an inch tonight, that’s not good enough to replenish everything, but it would get the crop along two to three weeks,” he said.

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Townsend says he has heard various forecasts predicting how the rest of the spring and summer will play out. He said the latest reports indicate conditions are favourable for a persistent drought in the eastern part of the prairies this year.

nigel.maxwell@jpbg.ca

On Twitter: @nigelmaxwell