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Analyst Chuck Penner of LeftField Commodity Research expects China's barley and feed grain buying to slow in the second half of 2021. He argues the 2020 Chinese corn crop was hit by flooding, which drove the 2020-21 import surge, and forecasts Canadian barley carryout of 1.4 million tonnes in 2021-22.
Slower Chinese demand in the second half would leave heavy Canadian barley stocks and pressure barley prices down. Feed buyers may find cheaper barley later in the year.
producer.comSean PrattJun 2, 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.
