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Heat and drought have hit barley crops in northern Europe, with yields in Scandinavia, northern Germany and the Baltics estimated 30-40% below normal by trader Evergrain Germany. Brewers that need malt face supply concerns.
A sharp regional barley yield shortfall tightens European barley supply and pushes feed barley prices higher, lifting the cost of feed buyers' grain alternatives.
bloomberg.comManisha Jha, Lucca de Paoli, Isis AlmeidaAug 7, 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.
