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South Australian 2023/24 barley prices rose about $17 per tonne month-on-month to roughly $325/t, and domestic prices reached about $380/t. Barley exports are strong, with China taking 75.7% of feed exports after its tariffs were removed.
Prices eased in the past week as Argentine corn harvest pressure arrived.
Strong Chinese demand and dwindling old-crop stocks support Australian barley values, while cheaper South American corn caps the upside in the near term.
stockjournal.com.auEd Scamps, Cloudbreak Grain MarketingJun 7, 2024Not enough comparable past events yet for a historical read.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
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.
