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Closures of pubs, restaurants and festivals including Oktoberfest have cut demand for malting barley, prompting brewers and malt producers to scale back. EU barley stockpiles are forecast to rise 14% to 6.6 million tons next season, and French malting barley prices hit their lowest since at least 2015.
Surplus malting barley is likely to be diverted to animal feed at lower prices, adding bearish pressure on European barley and feed grain costs.
feedandgrain.comOct 2, 2020Not 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.
