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Canadian barley seeding is lagging average pace due to wet weather, with StatsCan estimating seeded area at 7.13 million acres, down 3%. Soil moisture has recovered across much of the Prairies, improving yield prospects compared with last year's drought.
Acreage uncertainty remains until StatsCan's June update.
Improved soil moisture and better yield prospects point to a larger Canadian barley supply, which is bearish for prices, although lower seeded area could offset part of that.
barleybin.caSerra McSymytzJun 1, 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.
