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Western Canadian feed barley prices are high by historical standards but are falling from recent peaks. StatCan puts 2023-24 ending stocks at 0.65 million tonnes and projects 0.6 million for 2024-25.
Analysts say abundant US corn caps barley rallies because cattle feeders would switch to corn.
Cheap US corn limits how far Canadian barley can rise, even with low stocks. Feed buyers can use corn as a substitute if barley prices climb.
producer.comEd WhiteAug 7, 2024Not 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.
