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MarketsFarm reports that the high-delivered bid for Saskatchewan feed barley rose from $6 to $6.75 per bushel on May 11, then fell 50 cents to $6.25 on May 19. The moves came as dry Western Canadian conditions and higher corn and wheat futures lifted barley bids.
Provincial barley stocks are reported to be near empty.
Very low barley stocks and firm corn and wheat values support feed barley prices, so buyers face tighter supply and higher costs. The sharp one-day swings suggest a volatile local market.
farmtario.comAdam PeleshatyMay 20, 2021Not 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.
