Additionally, the afternoon prices include the Lethbridge cash barley price, the Vancouver cash canola price and daily price quotes from the canola crushers. Prices are calculated from information provided by eight grain companies. The AGC calculates an average from the prices and reports it as the street price in a particular area. The AGC also provides, on a weekly basis, a summary of feed grain prices. This price information is collected through a weekly survey of feedmills.
Different prices reflect different markets.
Those markets may differ because of slightly different qualities, services or pricing points. Each morning the Exchange phones three cash brokers for the price at which barley is trading in the Lethbridge area. The Lethbridge cash barley price reflects the actual trading price for 48 pound barley, usually in volumes of 100 tonnes or more. The feed grain price series is gathered each Monday morning by the AGC from feedmills and feedlots. The AGC publishes this price series as a range of prices, not an average.