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WA barley production was revised up 4.4% to almost 3.2 million tonnes. A significant share of barley delivered so far has failed the 9.5% protein minimum for malt, so malt supply is expected to fall.
More barley is expected to go to feed rather than malt, which adds feed supply and puts downward pressure on feed barley prices while malt premiums may firm.
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.