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The Barley Bin reports that western Canadian feed barley prices have fallen earlier than the usual seasonal pattern, tracking a sharp drop in US corn futures. The article notes that weak domestic feed demand and quiet export business are adding pressure.
Cheaper US corn competes with Canadian barley for feed use, so continued corn weakness caps barley prices and reduces the seasonal rally buyers might expect.
barleybin.cabbsbsolesagJun 2, 2023Not 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.
