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Reuters reports that US beer is losing market share to hard seltzer and other drinks, so malt plants are signing fewer barley contracts with farmers. Farmers face high interest rates, input costs and weak crop prices.
Lower malt demand reduces contracted barley volumes and weighs on US malting barley prices and farm margins.
reuters.comHeather SchlitzSep 11, 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.
