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DTN reports that Canadian barley ending stocks are near 25-year lows, with AAFC projecting 700,000 mt. Drought stress and lower provincial yield estimates suggest Statistics Canada's 5 December production figure could fall.
Exports are also projected to drop 10.3% on tight supply.
Tight Canadian supply and likely production cuts support barley prices and reduce export availability. Feed users are warned that South American crop talk should not mask the shortage.
dtnpf.comMitch MillerNov 28, 2024Not 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.
