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Canadian feed barley bids fell as seasonal harvest pressure built and end users were already well covered. Feed barley in Lethbridge dropped from about $240/t on July 28 to roughly $218/t by early August.
Feed wheat bids also eased, though less sharply, while weak US corn kept some pressure on prices.
Ample local supply and buyers already covered point to lower near-term feed barley prices into harvest. Weaker US corn also limits how far Canadian feed grain prices can rise.
grainews.caPhil Franz-Warkentin, GFM Network NewsAug 7, 2020Not 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.
