Canada Markets
Cliff Jamieson Canadian Grains Analyst
Fri Aug 29, 2014 11:21 AM CDT

The price of barley delivered Lethbridge has traded largely between $175 and $178/mt for the past four weeks, consistent with the hesitation found in the corn market which has drifted sideways for six weeks. Current trade is holding above the 67% retracement of the move from the January low of $153/mt to the May high of $218/mt, calculated at $174.45/mt, although with harvest looming and the prospect of increasing supplies of new crop in the weeks to come, holding at this support level may prove to be a challenge.

Last week, Statistics Canada reported barley acres for 2014 at 5.949 ...

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