Global wheat, barley rout may be nearing an end as demand firms

Strategie Grains says wheat and barley prices may be approaching a floor after a steep price rout, with livestock producers expected to use more wheat in feed rations at the expense of corn. EU wheat use for animals is set to reach a two-year high, and barley demand is also expected to rise.

Strategie raised its Russian wheat crop forecast to 80 million tons, above USDA's 77 million.