# Feed weekly outlook: Falling futures suggest first cracks in lofty market - Manitoba Co-operator

> 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.

- Date: 2021-05-13 · published 2021-05-13T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/7466-feed-weekly-outlook-falling-futures-suggest-first-cracks-in-lofty-market
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

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.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/daily/feed-weekly-outlook-falling-futures-suggest-first-cracks-in-lofty-market/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.