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Western Canada's barley market is responding to a 2021 drought, with the crop expected at 6.5-7.0 million tonnes, about four million less than last year. Feed barley bids have set a record near $8.00 per bushel, and the malt premium over feed has widened to $2.50-3.00 per bushel.
A sharply smaller crop and tight malt supply push barley prices higher and leave feeders with few substitutes, supporting feed barley costs into the new year.
barleybin.cabbsbsolesagNov 19, 2021Not 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.
