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The global barley production forecast was raised by 0.8 million tonnes to 143.8 million tonnes, the lowest since 2018/19. Canada was cut, offset by increases for Russia, Germany and Ukraine.
Global trade is projected to fall to 28.7 million tonnes, and ending stocks were raised to 22.2 million tonnes.
A tighter global crop and lower trade support barley prices, though higher ending stocks limit the upside. Feed buyers should watch the balance between lower trade and stock levels.
tridge.comBenjamin LateganOct 13, 2023Not 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.
