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UK winter barley area has fallen while spring barley drilling rose almost half, so AHDB sees a record UK barley crop of about 8.4m tonnes in 2020. Maltster demand has plunged due to the coronavirus, pushing end-of-season stocks higher.
A record UK crop and weaker malt demand add supply to feed and export markets, pressuring new-crop barley prices, and feed users may switch from wheat to cheaper barley.
fwi.co.ukSuzie HorneMay 28, 2020Not enough comparable past events yet for a historical read.
After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
