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Feed grain bids in Western Canada eased from highs as feedlots were covered into the new year. Feed barley and wheat bids for January to March delivery were around C$220 per tonne, below the mid-June peak near C$290 for barley.
Statistics Canada put 2019 barley output near 10 million tonnes.
Feedlots already covered and a larger-than-expected barley crop add pressure on Canadian feed grain prices. Truck shortages between Saskatchewan and Alberta add some logistics friction.
farmtario.comMarlo GlassDec 12, 2019Not 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.
