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US barley production for 2017 is set to be the lowest on record, with March Prospective Plantings showing 2.55 million acres, down 17% from 2016. Acreage in Montana and North Dakota is expected to fall 30% and 36% respectively.
Record-low US barley area points to tighter domestic supplies and firmer barley prices for feed and malting buyers, after years of surplus.
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.