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ABARES estimates Australia's 2021/22 barley production at 13.3 million tonnes, up 2% and near the 2016 record. Global barley stocks are at 38-year lows after drought hit the US, Canada, Russia, Spain and the UK.
Australia is the world's largest barley exporter, so a near-record crop could ease the tight global supply that has supported barley prices since July.
ukragroconsult.comDec 9, 2021Not 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.
