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Basis Commodities' week 9 update says Australian domestic wheat and barley bids strengthened across eastern Australia, led by Queensland and northern New South Wales, in line with global gains. Farmer selling is limited while exporters capture strong sales, helped by shrinking Black Sea supplies and Russian export restrictions that took effect in mid-February.
Tighter Black Sea supply and Russian export curbs are lifting demand for Australian grain, supporting wheat and barley prices into export markets.
basiscommodities.comFeb 24, 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.
