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Commodities

Barley To Average CAD150.00/tonne In 2010

March 2010 | Commodities Forecast

March barley looks set to continue edging down towards the CAD130.00/tonne area over coming weeks. While, the front-month contract has been steadily weakening since spiking sharply in November, weekly momentum indicators have yet to head into oversold territory and as a result, we see room for further downside in the short term.

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