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Western Canadian feed barley bids continued sliding, with Lethbridge pricing around C$265 per tonne for March/April delivery. Agfinity cited large barley stocks and continued U.S. corn imports, with Canada importing 564,900 tonnes of U.S. corn since Sept.
1, roughly double the prior year's pace. Canadian barley exports are running well behind last year.
Cheap imported U.S. corn and heavy barley stocks are capping feed barley values, so buyers can source cheaper feed grains in the near term. Weak barley exports point to continued soft nearby pricing unless new-crop acreage concerns lift prices.
manitobacooperator.caGFM Network News, Phil Franz-WarkentinFeb 29, 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.
