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Western Canadian feed barley bids are near $410/t into Lethbridge, still historically strong but trending lower. Feedlots increasingly import U.S. corn by rail, and talks between Australia and China could reopen Chinese demand for Canadian barley.
Growing feedlot use of imported corn and possible return of Australian barley to China are bearish for Canadian barley prices, while African swine fever in China could further limit feed demand.
agcanada.comAGCanadaApr 6, 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.
