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Western Canadian feed grain prices show signs of slowing their decline as harvest delays and poor weather forecasts take over as the main concern. Barley was trading just under $200 per tonne into Lethbridge, and analysts see little softening in prices.
Lower-quality feed durum is coming to market aggressively.
Harvest delays and weather may cause quality downgrades, adding feed supply and limiting near-term price declines as feedlot grain demand rises. Barley prices may hold steady in the short term, though a large grain supply still caps upside.
country-guide.caPhil Franz-WarkentinSep 26, 2019Not enough comparable past events yet for a historical read.
After 224 past neutral weather events, Wheat (SRW) moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.5%), and +0.4% 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.
