# Delving deeper into the WASDE data - Mecardo

> Mecardo's analysis of the USDA WASDE data shows global barley production forecast down 9.6% for 2023/24, with Australia accounting for about a 30% fall. Barley consumption is also projected to decline, and stock-to-use is expected to hit a long-term low of about 12%. Canola follows the soybean-led oilseed complex.

- Date: 2023-05-23 · published 2023-05-23T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/36031-delving-deeper-into-the-wasde-data-mecardo
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A sharp Australian barley output drop combined with record-low stock-to-use ratios supports barley prices into the new season.

## Read by commodity

- BARLEY: bullish ▲

## Sources

- mecardo.com.au: https://mecardo.com.au/delving-deeper-into-the-wasde-data/

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