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Statistics Canada cut its 2017-18 barley crop estimate to 7.3 million tonnes, down 16.8% from 8.8 million the previous year. Feed barley prices rose to about C$200-205 per tonne, with wet spring weather delaying seeding.
Lower-quality malt barley from the northern U.S. may move into feed markets.
A much smaller Canadian crop supports feed barley prices and firms the new-crop feed grain market. Possible spillover of U.S. malt barley into feed could partly cap the gains.
agcanada.comAGCanadaSep 19, 2017Not enough comparable past events yet for a historical read.
After 406 past neutral report events, WHEAT moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
