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Feed barley bids in Western Canada remain well supported as end-users secure supplies ahead of tightening stocks. Feed barley trades near 250-255 dollars per tonne in Lethbridge.
Corn and feed wheat are also at strong levels and could displace barley if prices make them more economical.
Strong feedlot demand and expected tighter supply support barley prices, though substitution by corn and wheat will eventually cap the upside. Buyers should expect firm but not runaway prices.
grainews.caPhil Franz-Warkentin, GFM Network NewsOct 16, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
