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Barley values in southern Australia rose on Chinese demand, with Downs barley at A$438/t against A$435 a week earlier. Northern wheat premiums lifted about A$10/t on poultry demand, and grower sales of wheat and barley picked up in the south.
Chinese buying of Australian barley and northern poultry demand for wheat support feed grain values, while growers selling new crop may add supply.
graincentral.comLiz WellsNov 16, 2023Not enough comparable past events yet for a historical read.
After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
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.
