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Western Canadian feed barley trades around C$300-320 per tonne, down about C$20 at the top end over the month. Steady US corn imports have kept domestic feeders supplied, and Canadian barley exports through 16 weeks were down 29% year on year.
Cheap imported US corn caps barley prices and limits demand for Canadian barley, keeping feed grain prices subdued into 2024.
grainews.caPhil Franz-Warkentin, GFM Network NewsDec 1, 2023Not 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.
