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Feed barley prices in Canada have drifted lower despite limited 2023-24 supply, which Agriculture Canada puts at 8.75 million tonnes, down 17 percent. Prices have fallen about $100 per tonne this year as substitutes gain share, Chinese demand wanes after Australian barley tariffs were removed, and grains prices weaken.
Weaker Chinese export demand and cheaper substitutes limit barley's upside, so prices can fall even with a smaller crop.
producer.comSean PrattDec 1, 2023Not 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.
