With a smaller crop, Ag Canada lowered its 2024-25 barley export forecast by 200,000 tonnes from July to 2.75 million, with expected domestic use down about 300,000 tonnes to 5.308 million. At an estimated 500,000 tonnes, 2024-25 barley stocks are down 100,000 from last month and below 650,000 in 2023-24.
For oats, Ag Canada trimmed the 2024-25 export forecast by 50,000 tonnes from last month to 2.3 million. Expected domestic use was also lowered slightly from last month but ending stocks were still dropped 25,000 tonnes to 325,000 tonnes – down just modestly from 350,000 in 2023-24.
Projected 2024-25 barley and oat prices were left steady from last month at $290 and $310/tonne, respectively.
Source : Syngenta.ca