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UK malting barley contracts are being cut by about 50%, a larger reduction than the roughly 20% buyers had signaled before December. The cuts reflect weaker whisky and beer demand and were revealed late in the planting cycle.
Lower malting demand shifts more spring barley toward feed use, which can pressure feed barley prices in the UK.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.