# Barley Market Report: Drought Shrinks Crops and Impacts Economics - The Barley Bin

> Drought and heat are damaging barley crops in western Canada, with under 50% of Saskatchewan and Alberta barley rated good or excellent against a normal 65-70%. A LeftField estimate puts the 2023 Canadian barley crop at 8.3 million tonnes, down 17% from last year, and it could fall further. Feed barley use may drop to about 5.0 million tonnes, with large corn imports into western Canada expected.

- Date: 2023-07-31 · published 2023-07-31T12:00:00.000Z
- Category: weather · region Canada · magnitude high
- Page: https://feedsoft.ai/events/12890-barley-market-report-drought-shrinks-crops-and-impacts-economics-the-barley-bin
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A smaller Canadian barley crop and expected corn imports to replace it lift barley prices and increase demand for corn in western Canada.

## Read by commodity

- CORN: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-06-05 | [Droughts and flooding rains impact market \| The Land \| NSW](https://feedsoft.ai/events/8686-droughts-and-flooding-rains-impact-market-the-land-nsw.md) | +0.9% | -0.2% |
| CORN | 2026-10-01 | [How this summer’s heat and drought impacted crops in Europe – in six charts](https://feedsoft.ai/events/17430-how-this-summer-s-heat-and-drought-impacted-crops-in-europe-in-six-charts.md) | -1.2% | -6.7% |
| CORN | 2021-09-02 | [Exports to drop as crop shrinks \| The Western Producer](https://feedsoft.ai/events/45047-exports-to-drop-as-crop-shrinks-the-western-producer.md) | -3.0% | -5.5% |
| CORN | 2022-01-18 | [Canada Makes Rare Import of European Barley After Drought \| Financial Post](https://feedsoft.ai/events/43197-canada-makes-rare-import-of-european-barley-after-drought-financial-post.md) | +2.5% | +9.1% |
| CORN | 2023-03-08 | [Drought affects crops in Rio Grande do Sul](https://feedsoft.ai/events/13658-drought-affects-crops-in-rio-grande-do-sul.md) | -1.6% | -0.6% |

## Sources

- barleybin.ca: https://barleybin.ca/market-report-drought-shrinks-crops-and-impacts-economics/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.