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Prairie feed barley and wheat prices are falling as buyers are well covered and have shifted to imported US corn at numerous feedlots. Truck shortages in Western Canada continue to disrupt the feed market.
Weak feed demand and cheaper corn push barley and wheat lower on the Prairies, while transport shortages add logistical friction to deliveries.
farmtario.comGlen HallickJan 1, 2023Not enough comparable past events yet for a historical read.
After 137 past bearish logistics events, Wheat (SRW) moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.0%), and +0.0% over 20.
After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% 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.
