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USDA forecasts Australian barley exports at 6 million tonnes in 2024-25, down from 7 million and more than 8 million a few years ago, as low carry-in stocks keep supply for domestic use. Canada may gain access to China's barley market as a result.
Canada's barley production is forecast at 9.5 million tonnes with 2.75 million tonnes of exports.
Reduced Australian export availability tightens global feed barley supply, while Canadian export opportunities into China could support Canadian barley values.
producer.comSean PrattJun 19, 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.
