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Irish barley stocks are high, with merchants holding 60-80kt and farms holding a further 30-40kt. Mills carry unusually large by-product stocks, and early grass turnout has cut feed demand.
Non-EU maize imports, which reached over 1 million tonnes since July 2018, are undermining the local barley market.
Heavy barley supply and cheap maize imports weigh on feed grain prices in Ireland, and a grass-driven drop in livestock feed demand adds to the pressure.
ifa.ieMay 2, 2019Not enough comparable past events yet for a historical read.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
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.
