Feeders note . . . IMO there is a risk
of a cash corn price collapse stateside.
Early yields appear well above USDA
estimates and carryouts by July 31, 2014
are apt to triple year over year
(possibly exceeding 2 billion bu). This
suggests that Cdn barley bids may
continue to erode.
Certainly, there are no holes to fill
right now for barley deliveries. And
there is little export market right now
due to heavy discounted supplies in
eastern Europe.
This is just an opinion and I'll go back
to my cave now.
of a cash corn price collapse stateside.
Early yields appear well above USDA
estimates and carryouts by July 31, 2014
are apt to triple year over year
(possibly exceeding 2 billion bu). This
suggests that Cdn barley bids may
continue to erode.
Certainly, there are no holes to fill
right now for barley deliveries. And
there is little export market right now
due to heavy discounted supplies in
eastern Europe.
This is just an opinion and I'll go back
to my cave now.