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Feed wheat in Western Canada is priced up to $6/bu in Edmonton and about $250/t in Lethbridge, while feed barley is in the mid-to-high $250s/t into Lethbridge after softening slightly. Canadian corn imports from the US reached 164,600 tonnes in the week of January 14-20, about 10% more than the prior week.
Strong Prairie feed grain prices and continued US corn imports indicate competitive feed substitution in Canada, with much of the incoming corn already bought.
grainews.caGFM Network NewsJan 31, 2019After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
Not enough comparable past events yet for a historical read.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
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.
