Loading…
Unconfirmed reports say China is halting barley and sorghum imports, and Bloomberg says Beijing asked traders to cut grain purchases to counter weak demand. Australian delivered prices for barley and sorghum moved, with new-crop values lower, and the restrictions would hit arrivals from November into early 2025.
Reduced Chinese purchases remove a major import outlet for Australian and US barley and sorghum, which is bearish for those exporters and for Australian feed grain prices.
ukragroconsult.comAug 30, 2024
graincentral.comLiz WellsAug 29, 2024Not 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.
