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Western Canadian feed barley bids have held steady for a month as buyers await new crop under favourable growing conditions. USDA estimates Canadian 2024/25 barley output at 9.6 million tonnes, up from 8.9 million, with domestic feed use rising to 7.4 million tonnes.
New-crop prices are starting to trade below old-crop levels.
A larger Canadian crop and higher domestic feeding reduce import needs for corn and export availability, which points to softer barley and corn values over the coming year.
grainews.caPhil Franz-WarkentinJun 13, 2024Not 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.
