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Feed barley in southern Alberta has risen to parity with feed wheat at about C$225/t delivered to Lethbridge. Barley previously traded at a C$10-20 discount to wheat, and tight old-crop supplies had pushed spot prices above C$280/t in summer.
Barley reaching parity with feed wheat signals the upside is limited, as feed buyers may substitute wheat and the price rise is expected to slow.
agcanada.comAGCanadaNov 8, 2019Not enough comparable past events yet for a historical read.
Not 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.
