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Animal-feed barley prices in Europe have risen to match or exceed milling wheat, an unusual reversal of the normal discount. Traders cite strong export demand, including French shipments to China and Saudi Arabia, and Turkey switching from exporter to importer after a poor crop.
Canadian barley exports are running 46% ahead of last year.
Tight barley availability is lifting costs for feed buyers in North Africa and the Middle East, and sellers expect further gains into early 2026. Barley's strength against wheat signals that feed-grain substitution economics have shifted.
grainews.caGus Trompiz, Michael Hogan, ReutersNov 21, 2025Not enough comparable past events yet for a historical read.
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.
