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Western Canadian feed barley bids held steady at roughly $400-410/t for May-June delivery in Lethbridge. Feedlots reported they were well covered into new crop and some were switching to corn.
Canada has imported 402,600 tonnes of US corn since September, well below the prior year's pace.
Steady feedlot demand and ample US corn imports cap upside for Canadian feed barley, while dry seeding conditions add some risk to new-crop supply.
agcanada.comAGCanadaMay 19, 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.
