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South Australian barley prices softened over the holiday period as the Australian dollar strengthened. Track bids were around A$321 a tonne at Outer Harbour, and Port Giles trades at a $16/t discount.
Market focus has shifted from barley to wheat in January.
A stronger AUD raises the cost of Australian barley in US dollar terms for export buyers, reducing export competitiveness and weighing on local prices.
stockjournal.com.auEd Scamps, Cloudbreak Grain MarketingJan 12, 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.
