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Idaho barley growers are recovering from a 2021 drought that cut production by 21%. NASS expects the 2022 Idaho crop to be 43% larger, at 62 million bushels, with late spring rains improving yields.
Contract barley prices in Idaho, Montana and North Dakota could rise 40% this year.
A larger US barley crop adds supply, but higher contract prices show tighter local demand and water constraints. The net effect on feed barley prices is balanced.
pnwag.netGlenn VaagenAug 24, 2022Not 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.
