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Canadian feed barley has rallied nearly $60/tonne from pre-harvest lows despite a crop about 2 million tonnes larger than last year. Strong offshore movement early in the 2022-23 crop year, including sales to China, has tightened the monthly supply picture.
Front-loaded exports and firm feedlot demand are supporting domestic barley prices even with larger supplies, which raises feed costs for cattle buyers.
canadiancattlemen.caJerry KlassenNov 17, 2022Not 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.
