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Feed barley in Western Canada is trading at about C$260/t in Lethbridge, against feed wheat at $255 and imported U.S. corn at $255. Agriculture and Agri-Food Canada forecasts record-tight 2018-19 barley ending stocks of 900,000 tonnes.
Tight barley supplies and parity with corn push feed buyers toward substitutes, which should keep barley prices capped near corn values until the new crop.
grainews.caGFM Network NewsFeb 28, 2019Not enough comparable past events yet for a historical read.
Not 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.
