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USDA data show barley prices at their highest in nearly three years, driven by strong Chinese demand, especially in Guangdong, where imported barley is used as a cost-effective energy feed. Saudi Arabia's steady import demand and the lowest projected global barley stocks in more than 30 years add further upward pressure.
Tight global barley supplies and firm import demand support feed barley values, raising input costs for feed buyers who substitute barley for corn or wheat.
graincentral.comGrain CentralMar 9, 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.
