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Western Canadian barley prices have risen nearly $50/t over five months, to about $248/t in Lethbridge. The columnist expects Canadian barley stocks to be historically tight by the end of the 2017-18 crop year, and he says barley prices are closely tied to corn.
Tight barley stocks and higher feed costs raise the cost of gain for cattle feeders and add to the price pressure on feed grains.
grainews.caJerry KlassenApr 25, 2018Not 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.
