# Global markets look firm as WA heads into harvest: CBH - Grain Central

> CBH Group expects steady to firm Australian wheat, barley and canola markets into harvest. Smaller EU crops, down about 18Mt, and a Black Sea crop down 3-4Mt are tightening global supply. Russia's larger crop is mostly far north of Black Sea ports, which limits its export competitiveness.

- Date: 2020-10-19 · published 2020-10-19T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/12843-global-markets-look-firm-as-wa-heads-into-harvest-cbh-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Lower EU and Black Sea output increases demand for Australian wheat and barley during the December to June shipping window, supporting export values. Barley's upside is capped somewhat by competition from corn in feed markets.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BARLEY | 2020-10-19 | 1 | +4.3% | 2.6 | CBH on the day flagged smaller EU and Black Sea crops tightening global supply, a firm supply-side signal consistent with a sharp barley price rise. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-08-30 | [EU harvest adds to the global wheat dilemma - Grain Central](https://feedsoft.ai/events/45511-eu-harvest-adds-to-the-global-wheat-dilemma-grain-central.md) | +0.2% | +0.5% |
| WHEAT | 2020-05-26 | [Wheat production concerns in Europe spook markets - Grain Central](https://feedsoft.ai/events/53054-wheat-production-concerns-in-europe-spook-markets-grain-central.md) | -0.8% | -0.2% |
| WHEAT | 2023-06-19 | [Feedgrain Focus: Markets firm as dry north throttles sales - Beef Central](https://feedsoft.ai/events/35602-feedgrain-focus-markets-firm-as-dry-north-throttles-sales-beef-central.md) | +2.6% | +0.5% |
| WHEAT | 2018-10-24 | [Hot, dry summer ahead as El Nino sets in - Grain Central](https://feedsoft.ai/events/62475-hot-dry-summer-ahead-as-el-nino-sets-in-grain-central.md) | -0.3% | -4.4% |
| WHEAT | 2019-12-19 | [Feedgrain Focus: Wash-outs overheat sorghum market - Grain Central](https://feedsoft.ai/events/5351-feedgrain-focus-wash-outs-overheat-sorghum-market-grain-central.md) | -0.0% | +2.6% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/global-markets-look-firm-as-wa-heads-into-harvest-cbh/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.