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Feed barley purchase prices in Ukraine are rising amid tight supplies and lower world production, now about $20/ton above feed corn though still below feed wheat. Ukraine has exported 5 million tons of barley so far in 2021/22, 36% faster than last year, and its export forecast was raised to 5.6-6 million tons.
Russian barley output fell to 19 million tons, and USDA cut its world barley production estimate.
Tighter barley supplies and a higher price premium over corn make barley less competitive in feed rations, supporting barley and encouraging substitution toward corn.
ukragroconsult.comDec 15, 2021Not enough comparable past events yet for a historical read.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
