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AgValue Brokers says good barley prices, with old-crop barley at about $250/t and new-crop contracts near $225/t, will attract more barley acreage this spring. The broker attributes the strength to a low Canadian dollar, strong export and domestic demand, and drought concerns in Argentina.
Current prices are supportive, but expanded planting could weigh on new-crop supplies later in the year if yields are average.
highriveronline.comMar 8, 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.
