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Mecardo reports Australian barley prices have trended sideways since harvest, with WA and east coast values holding up relative to wheat and US corn. Malt premiums have shrunk to about $20/t.
Feed barley trades at a $20-30/t discount to wheat, against a typical $40.
Stable relative values suggest Australian barley will hold steady against wheat and corn in the near term. Local feed demand and Chinese interest are supporting the premium.
mecardo.com.auAngus BrownNov 26, 2024Not 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.
