Not sure if maltsters are stupid.
I don't see a clean arbitrage for malt barley.
Perhaps increasing faq malt demand, less high quality? More competition for bly supply? Less malt plants?
Feed @ bin $5.05 Malt $5.30 AOG
$5.50 no Act of God.
Apparently Vancouver malt mid $7 ?
Gut tells me they are playing chicken.
It'll hurt them in the end. Malt acres shrink = inelastic supply.
I don't see a clean arbitrage for malt barley.
Perhaps increasing faq malt demand, less high quality? More competition for bly supply? Less malt plants?
Feed @ bin $5.05 Malt $5.30 AOG
$5.50 no Act of God.
Apparently Vancouver malt mid $7 ?
Gut tells me they are playing chicken.
It'll hurt them in the end. Malt acres shrink = inelastic supply.
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