Hopefully some better news for feeders on the currency and margin front. The loonie may be on the cusp of finally breaking below par once again.
Canada continues to exhibit signs of a further economic slowdown largely due to the drop in crude oil prices.
An opinion for what it's worth, but our spot loonie may be headed toward 98 1/2 cents soon (1st key support).
Also, noticed a recent $5/MT slip in feedlot barley bids in southern Alberta over last 10 days. Are growers finally parting with barley or is feedlot demand that weak?
Hopefully, this will help translate into better feeding margins into the new year.
Canada continues to exhibit signs of a further economic slowdown largely due to the drop in crude oil prices.
An opinion for what it's worth, but our spot loonie may be headed toward 98 1/2 cents soon (1st key support).
Also, noticed a recent $5/MT slip in feedlot barley bids in southern Alberta over last 10 days. Are growers finally parting with barley or is feedlot demand that weak?
Hopefully, this will help translate into better feeding margins into the new year.