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Malteurop's barley crop report puts Australia's barley crop at 11.4 million tonnes, with record yields in northern NSW and Queensland but poor malt selection in Western Australia and frost damage in Victoria and southern NSW. Growing season rain was very low.
Mixed quality and a crop estimate near the upper range of recent forecasts point to ample feed barley supply, a modest bearish factor for barley prices.
beerco.com.auDermott DowlingNov 26, 2024Not 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.
