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Global barley production is estimated at 140.1Mt, up 1.6Mt on July but down 7.8Mt year on year. Russian and Ukrainian output has risen to 18.5Mt and 8.7Mt, while Canada, the EU and Australia have seen cuts.
Saudi Arabia's SAGO is buying barley in a 660,000t tender.
Saudi Arabia is the largest feed barley importer, and a large tender supports international barley demand. Lower output in Canada, the EU and Australia offsets the larger Black Sea crop.
graincentral.comGuest AuthorAug 21, 2017Not 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.
