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Western Canadian feed markets are firm because barley supplies are tight, and the market expects a larger 2021 barley crop to replenish stocks. Gains in U.S. corn prices are also supporting grain markets, though high corn prices are keeping U.S. corn out of Canadian rations.
Traders say a weather scare could further lift new-crop prices.
Tight old-crop barley supplies and the risk of new-crop weather problems support barley prices. Higher U.S. corn prices reduce its appeal as a substitute in Canadian rations.
agcanada.comAGCanadaApr 15, 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.
