Barley Drifting

April 11, 2016

After several weeks, barley continues to trade sideways as feedlot coverage remains solid until the end of April. Large supply is being seen throughout Alberta and has created a stand-off between end user and producer. Weather concerns continue to mount as seeding slowly gets under way. If moisture issues remain in headlines they could start to become a price driver in as little as a couple of weeks. With the amounts still on farm expect possible spring rallies to be covered quickly as producers try to capitalize on prices that are 10-15 cents/bu higher. 

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