This month, barley prices slipped slightly, with feed barley prices dipping and malt barley prices trading sideways due to the seasonal price pressure that we usually see around this time.
In July, feed barley prices delivered to Saskatchewan elevators were sitting at an average of $3.92 CAD per bushel, a decrease of almost 2% month-over-month.
Malt barley prices delivered to Montana were flat during July.
For our GrainCents readers, we’re watching a variety of factors that might affect barley prices: 3 are bearish, 3 are bullish, and 4 are noise.
(If you’re not familiar with what “noise” is, then we recommend you check out our GrainCents risk management process towards barley prices.)
This month, GrainCents investigated topics such as:
- A sales recommendation for malt barley;
- The rising barley acreage and yields as seen in the July WASDE report;
- Where barley prices are headed next as we start the second half of 2018;
- Spain’s bumper barley crop (and what it means for global barley prices);
- Drought and lowered Australian barley production expectations; and
- Ukraine’s drought-stricken barley crop.
With a trade war and tariffs creating volatile markets, it’s more important than ever to stay on top of the factors affecting barley prices. Capture market premiums with GrainCent’s sales recommendations and actionable cash grain marketing advice delivered directly to your inbox.
Especially worthwhile in your GrainCents subscription is the Barley Weekly Digest, which gets sent out every Sunday morning. In addition to recapping our cash grain sales position, this chart-fueled read provides an insightful recap of the previous week’s activity in barley markets. We also walk through, in detail, what we’re watching across the global market in the week(s) ahead that could influence barley prices.
Start making more sense of what’s affecting barley prices with a free three-week trial to GrainCents, our exclusive sales recommendation service that holds a 93% success rate on getting farmers the best price possible.