Feeders note . . . Nebraska corn remains
at a stiff discount to Alberta barley.
And given that the U.S. corn crop may
approach 14 billion bu, chances are;
there is further price pressure ahead
for the Cdn barley market. Southern
Alberta 48lb bids breaking below $200/MT
delivered appears possible given the
current state of the U.S. crop (IMO).
The export market remains at a discount.
Russia and Ukraine low-quality wheat
remains at a stiff discount in global
markets.
PS: Drop in loonie may push your fat
cattle higher in August. Packers will be
sourcing for Labour day soon.
at a stiff discount to Alberta barley.
And given that the U.S. corn crop may
approach 14 billion bu, chances are;
there is further price pressure ahead
for the Cdn barley market. Southern
Alberta 48lb bids breaking below $200/MT
delivered appears possible given the
current state of the U.S. crop (IMO).
The export market remains at a discount.
Russia and Ukraine low-quality wheat
remains at a stiff discount in global
markets.
PS: Drop in loonie may push your fat
cattle higher in August. Packers will be
sourcing for Labour day soon.