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Barley prices in southern Alberta rose from $220 to $230 per tonne since early February as Canadian barley exports surged to 981,900 tonnes versus 501,400 a year earlier. Feeders are shifting to U.S. and Manitoba corn, which trades at a similar price to barley.
Corn is setting the price direction for the feed grain complex.
Strong barley export demand and tight local supply lift Canadian feed grain prices, and corn leadership means barley and wheat follow corn moves.
farmtario.comDave SimsFeb 22, 2018Not enough comparable past events yet for a historical read.
After 729 past bullish trade events, CORN moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.
