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Australian barley bids fell to about A$290/t in Adelaide and A$304/t in Geelong, down A$17/t and A$11/t over the past month. Drought premiums have eroded as seasonal conditions improved and growers increased selling.
Easing Australian barley values toward export parity lower the cost of an alternative feed grain for buyers in Asia and elsewhere.
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.