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North American malting barley production is down sharply, and Statistics Canada forecasts 7.14 million tonnes of Canadian barley in 2021, about one-third below last year. Average protein levels are above 14% against the usual 11-12%, and rain-damaged swaths have chitted.
A one-third drop in Canadian barley output tightens feed and malting supply and supports barley prices into the new crop year.
Not 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.