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Western Canadian feed wheat and feed barley prices are well above last year but have slipped over the past month. Feedlots are fully booked for May and June and are buying less grain.
AAFC cut its 2021-22 barley carryout forecast by 100,000 tonnes to 700,000 tonnes.
Softer feedlot demand and a tight barley carryout pull in opposite directions. Near-term barley prices are likely to hold steady rather than rise sharply.
country-guide.caAdam PeleshatyApr 23, 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.
