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Western Canadian feed barley is split between firm old-crop prices and cheaper new-crop bids. Old-crop barley is around C$250/t delivered Lethbridge, while new-crop bids are near C$210 as acreage is expected to rise in 2019.
Tight old-crop supplies and reduced farmer selling are underpinning nearby prices.
Expected higher 2019 barley acreage keeps new-crop values at a discount, while tight nearby supplies support spot prices. Convergence between the two depends on seeding and yield outcomes.
producer.comMarketsFarm, Phil Franz-WarkentinMay 9, 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.
