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Feed barley prices are following wheat lower on larger new-crop prospects and weaker demand. UK barley feed use in the year to March fell 14.4% to 1.037m tonnes, the lowest in six years, as cheap maize competes.
New-crop prices are £110-£118/t ex-farm, and Brexit uncertainty and strong Black Sea competition are weighing on exports.
Cheaper maize and larger new-crop supplies reduce feed barley demand and keep pressure on barley values. Export uncertainty and Black Sea competition limit any recovery in European barley prices.
fwi.co.ukSuzie HorneMay 15, 2019Not 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.
