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Australian barley output is expected to recover after a three-year decline, as growers may switch area out of canola into barley. Lachstock Consulting forecasts a rise in barley area for 2023-24.
The outlook for a drier growing season also favours barley over canola.
A larger barley area in 2023-24 would add to supply and could pressure prices. Lower canola area would also reduce competing oilseed supply.
graincentral.comLiz WellsFeb 27, 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.
