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Saskatchewan barley yields and quality held up despite a late harvest, with northeast Saskatchewan strong and southern Alberta light. Feed barley exports are robust to China, Kuwait and Japan, offsetting the loss of Saudi demand.
Feed barley trades at $4.50-4.75/bu for near delivery but below $4.00 for autumn delivery.
Solid quality and steady export demand support near-term feed barley prices, while the discount for autumn delivery signals expected softer prices after the 2019 harvest.
cjwwradio.comNeil BillingerJan 28, 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.
