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Teagasc estimates Irish 2020 cereal production at 1.9 million tonnes, down about 20% from 2019 and well below the rolling average. Yields were 0.5 to 1.5 t/ha below the five-year average.
Dairy feed demand is strong and local barley is displacing imported maize in rations.
A short Irish crop lifts local barley and wheat prices and boosts demand for barley as a maize substitute, with forward green prices for 2021 set below spot.
ifa.ieDec 2, 2020Not enough comparable past events yet for a historical read.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
