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RMI Analytics toured Victoria's central cropping region in October and expected an Australian malting barley crop of about 8.5 million tonnes, with yields around 3-4 t/ha. The harvest is expected to be substantially smaller than last year's record.
Expected barley output well below last year's record supports prices for feed and malting barley in export markets.
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.