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Stocks-to-use analysis for Lethbridge feed barley shows Canadian barley stocks at 5.959 million tonnes on Dec. 31, up 20.6% year on year.
Current AAFC estimates imply a 2019-20 stocks-to-use ratio of about 18.9%, pointing to an average price near $175/mt versus the AAFC range of $210 or more.
Ample carryout stocks suggest pressure on Canadian feed barley prices unless disappearance picks up.
beefcentral.comGuest AuthorFeb 21, 2020Not 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.
