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Western Canadian feed barley remains historically strong, with Lethbridge trading around $5.50 per bushel, supported by tight world supplies after an Australian drought. The Barley Council expects acreage to rise this spring, which would eventually lower prices.
China remains the largest export customer.
Tight global barley supply supports prices now, but expected acreage gains could weigh on prices later in the year, affecting feed barley purchasing decisions.
grainews.caPhil Franz-Warkentin, GFM Network NewsJan 24, 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.
