{"id":2418,"date":"2017-12-04T16:11:47","date_gmt":"2017-12-04T22:11:47","guid":{"rendered":"http:\/\/cmbtc.com\/?p=2418"},"modified":"2018-01-24T10:22:10","modified_gmt":"2018-01-24T16:22:10","slug":"global-barley-market-update-9","status":"publish","type":"post","link":"https:\/\/cmbtc.com\/global-barley-market-update-9\/","title":{"rendered":"GLOBAL BARLEY MARKET UPDATE"},"content":{"rendered":"<p><strong>Global barley production<\/strong> in 2017 is estimated by the USDA at <strong>141.7 million tonnes<\/strong> (mt), down from 147.1 mt in 2016.\u00a0 Output is lower in Australia (8.0 mt\u00a0 compared with 13.4 mt in 2016), Canada (7.3 vs 8.8), the US (3.1 vs 4.4) and Argentina (2.8 vs 3.3).\u00a0 Production is up 3 mt in Russia year over year to a record 20.5 mt.<\/p>\n<p><strong>Australia<\/strong> &#8211; The Australian barley crop is estimated at 8.0 mt, down from 13.4 mt last year, a 40% drop as yields fell from record levels in 2016 to below average this year. Rainfall during harvest this year, particularly in eastern Australia, slowed harvest and impacted quality reducing the amount of Malt 1 available.\u00a0 As of the end of November, the harvest was estimated to be 1\/3 complete in Victoria compared with over 50% complete in Western Australia.\u00a0 Export values for Malt 1 are indicated at $235-240 FOB WA.<\/p>\n<p>In the <strong>EU <\/strong>malting barley supplies are up considerably year over year given the major improvement in the French crop.\u00a0 However quality problems in eastern Europe and in Germany have limited the French export surplus.\u00a0 Price indications for French two-row Spring barley are are ~US $245 FOB Mosel while Danish values are ~$225 FOB.<\/p>\n<p>The <strong>U.S. <\/strong>harvested its smallest barley crop on record at 3.1 mt, compared with 4.3 mt last year, a 29% drop, and 4.75 mt in 2015.\u00a0 Large supplies of malting barley left over from a bumper, high quality harvest in 2016 led to fewer contracts by maltsters and brewers in the U.S. this year.<\/p>\n<p><strong>Western Canada<\/strong>, harvested its best malting barley crop since 2013 with selection rates running 65-70%, although strong feed prices are keeping the spread narrow with good quality malting barley moving into the feed sector in some areas.\u00a0 Protein content in the 2017 crop is slightly below trend averaging around 11.5%, lower than expected given the dry start and finish this season.\u00a0\u00a0 See the Canadian Grain Commission&#8217;s <a href=\"http:\/\/www.grainscanada.gc.ca\/barley-orge\/harvest-recolte\/2017\/pdf\/qbsm17-qosm17-en.pdf\" target=\"_blank\" class=\"broken_link\">Quality of Western Canadian Malting Barley<\/a> report released December 4th.<\/p>\n<p>The percentage breakdown of area of the 3 major varieties as follows (last year in brackets): CDC Copeland 49% (44.7%); AC Metcalfe 32% (34.2%); AAC Synergy 7.5% (5%).\u00a0\u00a0 Price indications to producers in the country have dropped significantly since early August, now $4.50-4.75 per bushel while Canadian new crop two-row is indicated at ~US $250 FOB depending on variety.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global barley production in 2017 is estimated by the USDA at 141.7 million tonnes (mt), down from 147.1 mt in 2016.\u00a0 Output is lower in Australia (8.0 mt\u00a0 compared with 13.4 mt in 2016), Canada (7.3 vs 8.8), the US (3.1 vs 4.4) and Argentina (2.8 vs 3.3).\u00a0 Production is up 3 mt in Russia [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ngg_post_thumbnail":0,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"_links_to":"","_links_to_target":""},"categories":[30],"tags":[],"acf":[],"aioseo_notices":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/cmbtc.com\/wp-json\/wp\/v2\/posts\/2418"}],"collection":[{"href":"https:\/\/cmbtc.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cmbtc.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cmbtc.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cmbtc.com\/wp-json\/wp\/v2\/comments?post=2418"}],"version-history":[{"count":8,"href":"https:\/\/cmbtc.com\/wp-json\/wp\/v2\/posts\/2418\/revisions"}],"predecessor-version":[{"id":2543,"href":"https:\/\/cmbtc.com\/wp-json\/wp\/v2\/posts\/2418\/revisions\/2543"}],"wp:attachment":[{"href":"https:\/\/cmbtc.com\/wp-json\/wp\/v2\/media?parent=2418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cmbtc.com\/wp-json\/wp\/v2\/categories?post=2418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cmbtc.com\/wp-json\/wp\/v2\/tags?post=2418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}