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South Australian barley averaged near A$330 a tonne in November, dipping only briefly to the low A$320s during modest harvest selling. Global barley production is forecast at a five-year low of 143 million tonnes, and Chinese demand is keeping Australian prices supported.
A tight global barley crop and steady Chinese buying support feed barley prices, even as US Gulf and Argentine corn trade at cheap FOB levels.
stockjournal.com.auEd Scamps, Cloudbreak Grain MarketingNov 24, 2023Not 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.
