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Prairie feed grain prices have softened as seeding progresses and many producers already have coverage. Seeded barley acreage in Western Canada is expected to rise 10-15 percent in 2019, and spot barley and wheat prices each fell 25 cents over three weeks.
Export demand for Canadian wheat is cautious due to trade disputes.
Expected higher barley acreage and cautious export demand point to further downward pressure on Canadian feed grain prices at harvest.
manitobacooperator.caGFM Network NewsMay 16, 2019Not enough comparable past events yet for a historical read.
After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% 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.
