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ABARES expects Australian farmers to shift toward cereals such as barley and wheat, with barley plantings up about 10% year on year because of higher prices and dry-start risk management. Total crop production is forecast at 37.7 Mt, with wheat at 21.9 Mt, and canola and chickpeas are being dropped.
Switching from oilseeds to cereals raises feed barley supply relative to canola meal, supporting barley prices while limiting canola meal availability for feed mills.
farmonline.com.auGregor HeardJun 14, 2018Not enough comparable past events yet for a historical read.
Not 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.
