Western Canadian feed barley prices are down about 20% from summer highs as a record U.S. corn crop of 425 million tonnes is projected. The USDA estimate pushed December corn futures below US$4/bu, and the U.S. is forecast to export a record 73 Mt of corn.
Abundant U.S. corn caps Canadian feed barley values and could lift corn imports into Canada, weighing on barley prices.
Not enough comparable past events yet for a historical read.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
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.