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Malteurop's barley procurement manager told the Prairie Grains conference that US beer sales are falling, with draught sales down as much as 20% and craft and commercial brewers' sales declining. As a result, barley demand for malting is weak and supplies are ample.
Weak malting demand leaves abundant barley supplies in storage, which keeps barley prices under pressure and may push surplus grain toward feed use.
agweek.comAnn BaileyDec 13, 2023Not 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.
