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Alberta feed barley prices have slipped through the crop year instead of recovering after harvest as seasonal patterns would suggest. Australian barley has regained access to China since the tariff was dropped in August 2023, and Canadian bulk barley exports are running near half of last year's pace.
Feedlots in southern Alberta have also contracted US corn imports.
Weaker export demand for Canadian barley and substitution toward corn reduce feed barley prices in Western Canada and keep corn demand firm.
alberta.caGovernment of AlbertaFeb 1, 2024Not enough comparable past events yet for a historical read.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.
