
Western Canadian feed barley bids edged lower in early May even as corn and feed wheat prices rose. USDA's May 12 estimates put world barley production at 155 million tonnes, with Canada's crop at 9.0 million tonnes versus 9.8 million last year.
Canadian corn imports from the US are about four times last year's pace.
Higher corn and wheat values support feed grain pricing overall, but a softer local barley market gives buyers some room to negotiate.
Not 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.