# W33: Barley Update

> 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.

- Date: 2023-08-25 · published 2023-08-25T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/34524-w33-barley-update
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

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.

## Read by commodity

- BARLEY: bullish ▲

## Sources

- tridge.com: https://www.tridge.com/weekly-product-updates/w33-barley-update

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.