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Western Canadian feed barley bids stayed under pressure in mid-February amid continued U.S. corn imports and a mild winter. Average barley prices hit their lowest since December 2020, while Chicago corn futures reached fresh contract lows on Feb.
22, at their softest in over three years.
Lower corn futures and barley bids reduce feed costs for buyers, though feedlots may extend corn coverage as prices fall. Seasonal support and acreage declines could lift new-crop barley later.
manitobacooperator.caGFM Network News, Phil Franz-WarkentinFeb 22, 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.
