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Canada is importing a rare cargo of European barley from Rouen after drought cut its 2021 barley output by a third to the smallest since the 1960s. USDA data show global barley stockpiles heading to an almost four-decade low.
Canadian import demand for EU barley and tight global stocks support barley prices and shift trade flows, with Canada also needing more feed grain.
financialpost.comBloomberg NewsJan 18, 2022Not enough comparable past events yet for a historical read.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
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.
