United States: High feed barley prices to attract high imports from Canada

The U.S. was plagued by dryness before and locally heavy rains during harvest, experts report. As a consequence, some industries accept proteins up to 14.5 % for six- and two-row barleys, also very low plumpness.

As of September, 1, prices for feed barley exw N. Dakota have improved to U.S $ 207,- per metric tonne, six-row malting barley delivered Minneapolis is quoted US$ 321,-, two-row malting exw Montana US$ 336,- (this price would be equivalent to US$ 414,- FOB Portland).

Supplies look tight, and analysts conclude that market prices are high enough to invite good imports from Canada.

10 September, 2008