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Australian new-crop barley for 2025-26 has eased to about A$310/t in Adelaide and A$315/t in Geelong, down A$20/t from May highs, as timely local rains reduced drought premiums and increased grower selling. The discount to APW1 wheat has narrowed to A$35/t, well below the five-year average spread of A$74/t.
Cheaper Black Sea barley and Argentine and US Gulf corn are pulling feed buyers toward lower-cost origins.
Easing drought premiums and cheaper competing origins point to softer Australian feed barley values until domestic carry-in tightness reasserts itself before the November harvest.
stockjournal.com.auEd Scamps, Cloudbreak Grain MarketingJul 25, 2025Not 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.
