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Pulses have overtaken barley as Australia's second-largest grain crop by value in 2016-17 production figures. Growers are expected to keep shifting area out of barley into pulses in 2017-18 because world cereal prices are weak.
A shift of acreage away from feed barley reduces future Australian barley supply, though weak cereal prices and a large existing crop keep the effect modest.
graincentral.comHenry WellsMay 9, 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.
