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Canadian feed barley bids reached $6.25 per bushel in Alberta as tight global supplies after three dry years in Australia pushed prices up. Prolonged dryness on the Prairies cut pasture carrying capacity, so producers are turning to grain for feed.
Feed barley is being priced to ration demand against limited exports from Australia and Kazakhstan, and US corn yield uncertainty could cap or lift that price. Buyers should expect firm barley values while Prairie pasture stays short.
grainews.caGFM Network NewsJul 5, 2019Not 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.
