. Agri-news. Agriculture. September 29, 1975 FOR IMMEDIATE RELEASE FEFD GRAIN PROSPECTS INDICATE LOWER PRICES Fundamental market forces indicate a downward trend in feed grain prices in the coining months is more likely than a repeat of last season's record high levels, according to Peter Perkins, marketing analyst with Alberta Agriculture. He says that coarse grain supplies are expected to be more readily available in 1975-76 and that consumption is expected to ir crease only moderately, thereby allowing a build-up of carryover stocks. In the final analysis, however the supply and demand pict
. Agri-news. Agriculture. September 29, 1975 FOR IMMEDIATE RELEASE FEFD GRAIN PROSPECTS INDICATE LOWER PRICES Fundamental market forces indicate a downward trend in feed grain prices in the coining months is more likely than a repeat of last season's record high levels, according to Peter Perkins, marketing analyst with Alberta Agriculture. He says that coarse grain supplies are expected to be more readily available in 1975-76 and that consumption is expected to ir crease only moderately, thereby allowing a build-up of carryover stocks. In the final analysis, however the supply and demand picture will depend almost entirely upon the feed grain situa- tion in the United States and the amount of grain they will be willing to sell to the Soviet Union in the c >ming months. » "The impending near record tc tal feed grain harvest in the United States," says Mr. Perkins, 'is expected to continue to put downward pressure on prices, despite the increased demand from the ; Confirmed purchases from Soviet sources to date amount to million tonnes of feed grains and it is expected that the Soviets will eventually purchase about 12 million tonnes from current crop year supplies. Most of this grain will be supplied by the Americans who should be able to provide it without drastically changing their domestic supply situation. Twelve million tonnes of corn is equivalent to 470 million bushels and the is expecting to harvest a corn crop which will be a billion more bushels than last year. Hence, the relative ease with which they will be able to meet such a demari 3. However, Mr. Perkins believes that the amount of livestock feeding that occurs, particularly in North America where the largest portion of world feed supplies are used, will be a key determinant of feed grain prices in the coming months He also believes that continued speculation about the Soviet situation will keep feed grain prices unstable and sufficiently high to discourage any majo
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