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Northern Australian wheat and barley markets dropped during the week of February 8 amid thin export demand and adequate domestic coverage. Barley Downs fell to A$383 from A$398 per tonne, and Chinese buyers have been inactive in 2024.
Russian wheat is being offered aggressively.
Weak export demand and aggressive Russian wheat offers point to lower feed grain values in Asian markets. Buyers should expect continued softness absent renewed Chinese buying.
ukragroconsult.comFeb 9, 2024
graincentral.comLiz WellsFeb 8, 2024Not enough comparable past events yet for a historical read.
Not 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.
