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US barley production in 2021 totaled 105 million bushels, the lowest in a century and about 40% below 2020, due to drought and reduced acreage. Malting barley output fell sharply in North Dakota, Montana and Idaho.
Buyers expect strong malting barley demand in 2022 as they seek acreage to secure supplies.
A century-low US crop and expected strong 2022 malting demand point to firm barley prices and tighter feed supply.
agweek.comDec 9, 2021Not 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.
