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Statistics Canada cut its 2024 barley seeded area to 6.4 million acres, down from 7.3 million last year and below trade expectations. Leftfield keeps a higher estimate of 6.7 million acres and forecasts production of 9.1 million tonnes.
Prairie crop ratings remain above the 10-year average, though dryness is building in western areas.
A smaller Canadian area supports barley prices if yields fall short. Above-average crop ratings and a higher carryover limit that support.
barleybin.caSerra McSymytzAug 12, 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.
