Barley prices in the month of May were sideways-to-higher.
While malt barley prices didn’t do much, feed barley prices continued to inch higher. However, we need to point out that feed barley prices start to experience some seasonality around this time of year and will usually trend lower.
There is also the factor of drought conditions across Western Canada.
But, concerns over much of Western Canada might’ve been alleviated this week (and through the weekend as the region got some much-needed rains. This comes just as the crop across the Canadian Prairies is about 90% planted, which means a nice drink for seeds that just were recently sown!
As it relates to what we’ve looking at for our GrainCents Barley readers in terms of what is influencing barley prices, take a look at some of our topics this month:
- Is America losing its beer gut?
- How beer companies are buying barley might be changing;
- The potential size of the 2018/19 US barley crop; annd
- Ongoing weather woes in Argentina and the impact on their 2018 barley crop,
Be sure to sign up for your free 3-week trial at GrainCents as this month could be the most impactful for how and when you price your barley for the rest of 2017/18 old crop, as well as a significant portion of your 2018/19 new crop production.