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Alberta feedlots are seeking the cheapest feed as corn and barley offers are scarce and March demand is stronger than expected. Manitoba corn rallied 20 cents in two weeks to C$4.40-4.50/bu, while US corn at US$2.32-2.35/bu is attracting buyers because it moves more easily by rail.
Tight Canadian corn and barley supplies and rising feedlot demand support prices, and cheaper US corn is likely to fill the gap through logistics advantages.
producer.comAshley Robinson, Commodity News Service CanadaFeb 15, 2018Not enough comparable past events yet for a historical read.
Not 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.
Scarce corn and barley offers and stronger-than-expected March demand from Alberta feedlots, with Manitoba corn rallying, tighten feed grain supply and support barley prices, though the article is dated four days before the move.
