The persistence of wetness in western Europe has added support to the outlook for barley prices.

In the EU, barley prices have found, some, support after a poor 2023 harvest, which at 47.3Mt was the smallest in 12 years.

In the EU, barley prices have found, some, support after a poor 2023 harvest, which at 47.3Mt was the smallest in 12 years.

Global barley is upholding the grain market adage that “small crops get smaller”, as its price buoyancy demonstrates.

Global barley is upholding the grain market adage that “small crops get smaller”, as its price buoyancy demonstrates.

The outlook for world barley supplies is deteriorating, CRM Agri believe another season of large discounts to wheat is therefore unsustainable and the current situation is result of new crop harvest pressure.

As harvest gathers pace and following the release of the July USDA report, this short video for clients covers:

- Global economic drivers
- USDA data
- Global supply & demand
- Oilseeds & veg oils

The rapprochement between Australia and China risks adding pressure to Europe’s barley prices, but the impact may not be as severe as it first looks.

Black Sea grain exports, having made headlines two weeks ago on talk of Moscow putting a price floor on exported wheat, garnered fresh attention when three trading giants announced Russian retreats. Cargill said it was quitting grain elevation, while Louis Dreyfus and Viterra also unveiled exits. Between them, the trio account for about 14% of Russian wheat exports.

Wheat: Black Sea support has returned as rhetoric surrounding rumoured export bans from Russia, and increased export taxes...

Barley: EU barley markets were supported by dwindling supplies of Ukrainian barley...

Corn: Corn markets have found support, helping underpin grain markets as China continues to purchase large volumes...

Weather: In North America, the Midwest will receive further rains, as farmers prepare for planting...