
Feed barley and wheat bids in Alberta are higher than a month ago and last year, but Lethbridge prices fell about C$7/t for barley and C$5/t for wheat after three corn unit trains were due to arrive November 1. Spot corn in Lethbridge is around C$440-450/t.
Feedlots are shifting toward corn, narrowing the gap with barley.
Growing corn arrivals in Alberta soften feed barley and wheat prices as feedlots substitute corn for barley.
Not enough comparable past events yet for a historical read.
After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.