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US barley production is down 31% to 2.6 million tonnes from 2020 due to hot, dry weather, and US barley stocks on September 1 were 25% lower year on year. US wheat output fell 10% and oat output hit a record low.
Maltsters are offering contracts 40-50% above recent prices and importing from the EU and Australia.
A historically small North American barley crop and record-low carryout tighten feed and malt supplies, supporting barley prices into 2022 and boosting import demand.
proximitymalt.comOct 8, 2021Not enough comparable past events yet for a historical read.
After 68 past bullish weather events, Oats moved a median -0.8% over 5 sessions (47% higher; middle half -3.6% to +3.9%), and -0.3% over 20.
After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% 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.
