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Australian feed grain markets are supported by lifting of Chinese barley tariffs and dry conditions across the main cropping states, with WA soil moisture especially low. Western Australian barley rallied over $50/t in a month and now trades at a premium to Geelong and to CME corn.
Dry weather combined with restored Chinese export access is lifting Australian barley prices, particularly in export-oriented WA, and making barley more expensive than corn.
mecardo.com.auAngus BrownAug 29, 2023Not enough comparable past events yet for a historical read.
After 445 past neutral weather events, CORN moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% 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.
