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A long, wet 2018 harvest has likely ended hopes that barley still in Canadian fields will meet malting specifications. Farmers in Alberta and Saskatchewan say remaining barley will mostly be feed quality, though maltsters may draw on old-crop supplies.
Downgrading of malt barley to feed shifts supply into the feed market and removes the malt premium, which tends to pressure feed barley prices lower while malt buyers rely on old-crop stocks.
grainews.caGFM Network NewsOct 11, 2018Not 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.
