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Statistics Canada's preliminary 2021 estimates show barley output of 7.84 million tonnes, down 27% from 2020, because of drought and low yields of 48.1 bushels per acre. The estimate is the smallest barley crop since 2014.
Analysts expect tight supplies to limit Canada's barley exports.
A 27% drop in Canadian barley output tightens supply for feed and malting buyers and supports prices. Reduced exports would also lift demand for other feed grains.
barleyharvest.caApr 28, 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.
