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Global barley supplies look tight after the USDA projected 2018/19 world production at 144.4Mt. Drought in eastern Australia and a four-year low Russian harvest add to the pressure on available supply.
Tighter barley supplies from Europe, the Black Sea and Australia will support feed barley prices and may push buyers toward substitutes such as corn and wheat.
grainbrokers.com.auAug 27, 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.
