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Wet weather has stalled Prairie harvest, and early October snow is degrading wheat and barley left in fields, pushing more of it into the feed category. Alberta feed barley, feed wheat and corn were all around C$245 per tonne, with cheap US corn helping cap prices.
Expected larger feed grain supplies as crops are downgraded keep feed prices steady, and corn's price level caps how far feed wheat and barley can rise.
manitobacooperator.caAshley RobinsonOct 4, 2018After 224 past neutral weather events, Wheat (SRW) moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.5%), and +0.4% over 20.
Not enough comparable past events yet for a historical read.
After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% 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.
