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RMI Analytics cut its 2023 global barley crop forecast to 138 million tonnes from 138.7 million. Canada's crop is seen 1 million tonnes lower on drought, while Australia's is raised to 10.8 million tonnes on favorable rain.
A smaller global barley crop, with Canadian drought losses and rising French malt premiums, supports barley prices and makes feed grain buyers look to corn and wheat substitutes.
tridge.comVictor LangatAug 25, 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.
