Exports of malting barley are expected to rise slightly. Carry-out stocks are forecast to decline. Carry-out stocks are forecast to remain high. Oat prices are forecast to decrease slightly due to lower US corn prices. Imports could be limited by processing industry concerns about imported GMO corn.
Domestic use is forecast to rise due to increased industrial use.
As a result of lower US prices, Ontario corn prices are expected to decrease slightly. However, prices may be supported by Ontario corn being priced more on an import basis, and by premiums paid by processors for segregated non-GMO corn. However, domestic crush decreased due to low margins. As a result, carry-out stocks are estimated to have increased substantially. Exports are forecast to decrease significantly, to China in particular, although low prices and high stocks may increase exports above current expectations.