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USDA's February report raised its 2022/23 world barley production forecast by 1 million tonnes to 150.48 million, with higher Australian and Russian output. Australian feed barley prices rose $10/t FOB during the month, while Ukrainian barley prices fell $3-5/t amid weak Chinese demand and slow Black Sea corridor operations.
A larger world crop and weak demand from China cap barley prices, though Australian gains show some support from tariff talks with Canada.
ukragroconsult.comFeb 10, 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.
