Ukrainian maltings have nearly stopped buying spring malting barley because of full storage and slow malt sales. Ukraine's barley exports fell to 34 thousand tonnes in October from 216 thousand a year earlier, and season-to-date exports are down almost fourfold.
Feed barley bids have eased, and some farmers are holding grain until spring.
Weak Ukrainian export demand and lower bids push down feed barley prices and reduce the supply of cheap barley into the EU and world feed markets. Lower prices from Ukraine can support demand for competing feed grains, but the overall effect on feed prices is small.
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.