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Strategie Grains cut its July forecast for the 2023 EU barley harvest by 0.8 mmt to 47.1 mmt, down 8% year-on-year, citing adverse weather and poor yields in Spain and southeast Europe. Australia criticized China's request for another month to complete its review of duties on Australian barley, and Ukrainian fodder barley prices rose on feed and export demand.
A smaller EU barley crop and firm Ukrainian prices tighten export availability for barley feed buyers, supporting prices. Delays in China's duty review keep Australian barley access uncertain.
tridge.comVictor LangatJul 21, 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.
