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Jordan's MIT bought about 50,000 t of feed barley out of a planned 120,000 t at $229.5/t C&F in a May 28 tender, with September delivery. Offers were higher, around $232-240/t, and the smaller-than-planned purchase suggests buyers expect prices to fall further.
A low tender price with a reduced purchase signals softer world feed barley values and weak import competition. It reinforces downward pressure on Black Sea and European barley export prices.
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.