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Feed barley prices in Western Canada have risen over the past year, with high-delivered bids for Alberta feed barley reaching $6.97 per bushel. Corn futures are at levels not seen since 2013, and elevators are buying new crop while farmers hold old crop.
A new 40,000-head feedlot near Enchant is expected to add feed demand later this year.
Strong export demand from China, Japan and India, plus rising Alberta feed demand, supports barley and feed grain prices. Tight farmer selling and high bids point to firm prices unless China demand fades.
agcanada.comAGCanadaMar 12, 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.
