Wheat crops in a better perspective for the mid-long run.

Recently analyzing the correlative dynamics between wheat and barley, and putting it into a global context, beer consumption is falling sharply as a non-essencial good as in opposition to wheat strenghtening demand, considering the main markets the cereal is destined to are for essentials, mostly baking, staple foods and foraging. If we put barley into the fodder perspective it can easily loses its appeal. For that reason farmers in Argentina are choosing to rotate wheat instead barley, summing up to projections for the 2020/21 season, where wheat has a production cost per hectare of 6.5% less than barley, considering shallow or deep soil plantations, and yet a better pricing forecast also sustained in the current global trend. Price differentials can favor wheat as wide as $14/mt for deep soil (where the gap is narrow) and $30/mt average for the shallow field (this is where the cereal can reach malting standards more easily)
If the global outlook for the COVID-19 remains, EU may follow the trend, resuming into less barley into the market.