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Matif wheat closed €1.25 higher at €162.75 after a sharp rise in Russian FOB prices tied to port weather and logistics problems. The Saudi feed barley tender bought 960,000t at US$238.50 to $251.84/t, about $28/t above the previous tender.
Russian port disruption and a firm barley tender tighten the global feed balance, supporting wheat and barley prices until new-crop supplies arrive.
graincentral.comHenry WellsFeb 19, 2018graincentral.comGuest AuthorFeb 21, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
The Saudi feed barley tender result (about 960,000t at prices roughly $28/t above the previous tender) was reported on 2018-02-19, which signals strong import demand and higher price levels, and Matif wheat and Russian FOB prices also firmed, so this plausibly contributed to the barley rally.
