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Lethbridge cash feed barley traded at C$285/mt on May 30, up C$10/mt for a second straight week. Canadian barley stocks are estimated at 900,000 t for July 31, which could be close to a record low.
The May supply and demand tables raised exports by 250,000 t, with domestic demand adjusted to hold the carryout unchanged.
Tight old-crop stocks and a higher export forecast support nearby barley prices and could keep the seasonal rally going. A record-low carryout would leave little cushion if the coming summer weather disrupts the crop.
dtnpf.comCliff JamiesonMay 31, 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.
