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Stratégie Grains forecasts the EU 2023/24 barley harvest at 49.9 million tonnes, down 1.7 million tonnes, mainly on lower Spanish output. Russian port schedules show no barley shipments, and harvest in southern Russia is expected to lift sales offers.
Ukrainian spring barley area fell about 20% on low prices.
A smaller EU crop supports barley prices, but expected Russian harvest supplies and weak export demand could push prices lower as the new season starts.
tridge.comVictor LangatMay 17, 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.
