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Statistics Canada estimates average barley yields at 43.6 bushels per acre, down 38% from 2020 and the lowest since 2002. Saskatchewan was hit hardest, and Alberta's provincial estimate is lower than StatCan's, so the final national figure may fall in December.
A crop that is roughly 40% smaller than last year sharply reduces exportable barley supply and supports prices for feed and malt buyers.
cmbtc.comPeterNov 25, 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.
