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Ashley McFarland, new American Malting Barley Association president, says contraction is the biggest challenge for the malting barley industry as beer and spirits volumes decline. She expects declines to plateau and does not foresee much change in malting barley production.
Falling malting demand adds to the supply of feed-grade barley, which is a bearish factor for barley prices.
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.