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US corn futures have climbed to about US$5/bu, with May contracts above $5 for the first time since autumn 2023. Statistics Canada puts the 2024 Canadian barley crop at 8.1 million tonnes, 13% below the five-year average.
Mexico's reversal on GM corn restrictions was also seen as positive for feed grains.
A short Canadian barley crop could increase demand for US corn as a feed substitute, which supports corn prices and adds to the firmer feed grain complex.
producer.comRobert ArnasonFeb 13, 2025Not 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.
