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US barley growers from Idaho, Montana, North Dakota and Washington met virtually with Mexican brewers to review planting area, expected yields and crop conditions. Growers reported recent rains have supported a good crop.
Mexican brewer demand for US barley has grown significantly, and buyers want to build forward contracts for 2025 and beyond.
Growing Mexican brewer demand and forward contracting interest could strengthen export demand for US barley, though this is a relationship-building event with no immediate price shift.
grains.orgwmargerumMay 27, 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.
