Canada Markets Blog
Cliff Jamieson Canadian Grains Analyst
Mon Apr 28, 2014 05:30 PM CDT

Despite barley ending stocks forecast to rise by over 300% from year-ago levels to 2.5 mmt by July 31, according to Agriculture and Agri Food Canada, feed barley prices have appreciated 28% from the January low or can also be viewed as a 30% retracement of the $144/mt downtrend from the May 2013 high to the January 2014 low.

Despite the disappointing movement in the grain export sector, producers have been reluctant sellers of feed barley over the winter, while buyers have been reluctant to buy forward, with the bulk of trade taking place for delivery in a one- to ...

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