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MarketsFarm analyst Bruce Burnett says Canadian feed barley stays near record values because December corn futures traded at US$5.39 per bushel on October 20. Imported US corn caps barley prices, while soymeal values have fallen 20% since January as crushers prioritize oil over meal.
High corn prices support barley as a feed substitute, while weaker soymeal reduces protein feed costs. Expanded crush for oil leaves more meal supply, pressuring protein feed prices.
producer.comSean PrattOct 21, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
