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Strong export demand for Canadian feed grains, particularly barley, has driven prices up about $70/t in 10 weeks. Barley exports are roughly double last year's pace at this point, with China the main driver.
Export pull from China is tightening Western Canadian feed supplies and forcing Alberta feedlots to compete with overseas buyers, supporting feed barley and feed wheat prices.
grainews.caGFM Network NewsNov 20, 2020Not enough comparable past events yet for a historical read.
After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
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.
