
U.S. corn futures fell about $0.24 per bushel on Jan. 12 after USDA's WASDE report added 269 million bushels to the crop, dropping to $4.21, then rebounded to about $4.26 by Jan.
27. Barley prices climbed in early January on strong export pace, with exports up 40% year on year through week 24.
Cheaper U.S. corn is narrowing the spread with feed barley in Canada's feedlot alley, which could discourage domestic barley feed use and cap barley gains.
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.