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Global barley prices are rising sharply as China sources barley from other origins after imposing steep tariffs on Australian barley last year amid a diplomatic dispute. Exporters are shifting to new markets.
Livestock farmers and brewers face higher costs.
Chinese tariffs diverting demand to other exporters tighten global barley supply and push up feed barley prices, with competing feed grains likely to gain support.
asia.nikkei.comJENS KASTNER, DIMITRI SIMESMar 19, 2021Not enough comparable past events yet for a historical read.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
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.
