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Barley prices in southern Alberta and at western Canadian elevators have risen from winter lows as domestic feeding and export demand improve. Cumulative exports through Week 38 reached 1.5 million tonnes, mostly to China, and corn imports into western Canada are slowing.
Stronger export pull and tighter feed supply support Canadian barley values, while slowing US corn imports reduce competition for feed buyers in western Canada.
barleybin.caSerra McSymytzMay 1, 2024Not enough comparable past events yet for a historical read.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.
