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Scottish spring and winter barley have been rejected by maltsters in large volumes because of high screenings, reported at 10% to 40% in some samples. Dry weather reduced grain size, and maltsters already had large carryover stocks.
Much of the crop is being diverted to animal feed.
Grain that fails malting specifications shifts into the feed market, adding supply to a feed sector that already has ample grain. This weighs on feed barley values 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.