Is it time to price barley?

[errolanderson]

Given the fallout in U.S. wheat and corn
prices, will this ripple into the Cdn
feed market?

Growers likely won't be starting to
deliver feed barley more aggressively
until late Jan/Feb. Realize tight spring
supplies and roadban season should
trigger spring premiums in feedlot alley
(Picture Butte). But is the overall
commodity meltdown more overwhelming
than what our bullish Cdn barley market
can tolerate?

Other thoughts? . . . .

[Partners]

Well right or wrong we emptied our Bly. bins @ $5.13...

[errolanderson]

Partners . . . that looks like a strong
cash sale.

Maybe roadban season may give barley
extra 10 to 15 cent higher push, but
personally don't like the look of the
U.S. corn market and general commodity
market grumpiness right now . . . that's
my reasoning for this thread.

New crop barley bids appear about $1/bu
discount to old crop. Central Alberta
feeders bidding around $230/MT for next
fall vs $265 to $275/MT right now.

[wd9]

guess they are all hoping it will rain in
the US.

[zeefarmer]

Ours is basically all gone, which is a lot earlier
than normal. 5.50-5.65. Local feed mill has been
an aggressive buyer and is eating up local stocks
very quickly. They are using mostly barley I their
ration, compared to previous years when it has
been mostly wheat. I think barley will be in short
supply by June/July, along with feed wheat, but
prices will be tempered by corn moving in, as
there is some moving into southern Manitoba
already. I am located in SW Sask.

[errolanderson]

zeefarmer - southern Alberta feedlots
will rail corn in as well, but not sure
if the economics jive yet.

Corn appears on key support this
morning. Traders may wait for the USDA
report next week before making their
next move, but fund liquidation is high
right now.

Believe U.S. corn exports are only
running around 60% of USDA expectations
at the moment. Feeders badly need a
break in feed costs to get their margins
back in line. But tight supplies may
hold barley bids up for a few more
weeks.

Next week's corn ending stocks numbers
important in my head for market
direction into Feb.

[samhill]

U S corn exports and S. America soy exports are very
low for the same reason - the crop the experts say is
there - isn't.

[Burbert]

Theys always threatening ta use corn. I say give them
a corn cob up their ass, and they'd probabley enjoy
that to, just as long as barley was .25 cents a bushel.
Screw the cowboys, makem pay!!!!