Loading…
Barley prices are being pressured by COVID-19, which has weakened wheat futures and closed Mexican breweries, cutting malt demand. Idaho malt backlogs are being cleared before harvest, while feed barley faces competition from cheap corn.
Lower wheat futures and weak malt and feed demand are bearish for barley prices, though the clearing of stored malt barley limits the pressure.
aginfo.netMay 14, 2020Not enough comparable past events yet for a historical read.
Not 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.
