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Barley prices rose to a 1.5-year high as the IGC cut its world barley forecast to 138.1 Mt on dry weather in the EU, Australia and the US. Saudi Arabia bought 900,000 t at about $180/t FOB Black Sea, and Ukrainian feed barley rose to $154-156/t.
Tighter world barley supply and strong import demand lift export prices, raising feed barley costs for buyers.
graintrade.com.uaAug 2, 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.
