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Barley prices remain low despite a global decline in barley output. USDA cut its 2023/24 world barley production forecast by 0.7 million tons to about 142.9 million, near a 10-year low, and ending stocks are expected to fall 9.6%.
Weak demand and a record global grain harvest are keeping prices down.
Tighter barley supplies would normally support prices, but weak feed and brewing demand and abundant corn keep the price pressure lower for feed buyers.
tridge.comEconomic timesJan 29, 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.
