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Feed grain futures in Chicago fell sharply over the past week, with corn backing away from multi-year highs after the USDA report. Cash feed barley and wheat bids in western Canada are falling with futures.
Dryness across the Prairies is keeping attention on moisture over the next two months.
Lower futures are passing through to western Canadian cash feed barley and wheat bids, and dry Prairie conditions could support prices if rain does not arrive. Feedlots are well covered, which limits near-term demand for new feed purchases.
manitobacooperator.caGFM Network News, Phil Franz-WarkentinMay 13, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
