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Brewers are contracting Idaho malting barley for the 2022 crop earlier than usual and at much higher prices. Growers' contract rates are expected to rise 40% or more in Idaho, Montana and North Dakota, with one Idaho grower getting $14/cwt versus $9.50-10 normally.
Brewers locking up malting supply early tightens the US barley market and can push feed barley prices higher as growers shift acreage and supply tightens.
idahofb.orgSep 30, 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.
