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North East Scotland barley was hit by a very dry spring and then Storm Floris just before harvest, leaving grain small and poor quality. Some farmers say they cannot sell the crop even as animal feed.
Scotch whisky demand has slowed, and maltsters are rejecting the grain.
Unsaleable low-quality grain adds to feed supply in the UK and may push farmers to shift away from malting barley. Feed barley values could remain under pressure.
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.