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AAFC's monthly report cut Canada's 2021-22 barley production by 31.6% to 7.45 million tonnes, the smallest crop since 2014 if confirmed. Feed, waste and dockage were cut 23.4% and exports 45.3%, and ending stocks fell to 300,000 tonnes.
Feed barley prices have risen sharply over the past month.
A severe drought-driven Canadian barley shortfall tightens supply for feed buyers, and higher prices may reduce barley demand as substitutes become relatively cheaper.
agcanada.comAGCanadaAug 26, 2021Not 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.
