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Western Canada's feed barley trades above C$200 per tonne, at C$208-210, while feed wheat is C$210-215. U.S. corn is being imported into southern Alberta and is competing with feed barley at current price levels.
Feed barley is now priced close to imported U.S. corn, so further rallies in corn would pull barley prices higher while a corn decline would cap them.
grainews.caGFM Network NewsNov 3, 2017Not 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.
