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Western Canadian cash barley in Lethbridge has slipped from about $450 to about $435 per tonne in early January, as ample U.S. corn imports arrive by unit train at prices similar to barley. Trucking shortages are also limiting grain movement to southern Alberta feedlots.
Cheap U.S. corn displacing barley in feedlot rations keeps Canadian barley under pressure, though prices remain near the top of their historical range.
agcanada.comAGCanadaJan 11, 2023Not enough comparable past events yet for a historical read.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.
