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The USDA puts 2018/19 global barley production at 144.4Mt, unchanged year on year but below the two previous seasons. Estimates from the EU, Ukraine and Russia are lower than USDA projections, and Canada's crop may come in below USDA's 8.8Mt forecast.
Lower production in major barley exporters tightens the global feed grain supply. Buyers should expect firmer barley prices as stocks are drawn down.
graincentral.comGuest AuthorAug 21, 2018Not 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.
