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US brewers face rising costs as malting barley prices rise at the fastest pace on record. USDA projects farmgate barley prices up 37% to a record $7.25 per bushel for 2022-23 after a disappointing northern Plains harvest.
CO2 supplies used by brewers have also reportedly doubled in price.
Tight US barley supply and a record price premium over corn and sorghum support feed grain values and push feedlots and feed users toward substitutes.
grainpricenews.comMike VerdinOct 18, 2022Not enough comparable past events yet for a historical read.
After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.
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.
