# Feed markets on the move - Mecardo

> 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.

- Date: 2023-08-29 · published 2023-08-29T12:00:00.000Z
- Category: weather · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/34640-feed-markets-on-the-move-mecardo
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

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.

## Read by commodity

- CORN: neutral
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-02-17 | [Corn market: ready to move?](https://feedsoft.ai/events/37349-corn-market-ready-to-move.md) | -1.6% | -4.3% |
| CORN | 2023-09-19 | [Summer crop declines add to feed pressure - Mecardo](https://feedsoft.ai/events/34231-summer-crop-declines-add-to-feed-pressure-mecardo.md) | +1.0% | +1.6% |
| CORN | 2024-10-25 | [Soybean market turns on Brazil](https://feedsoft.ai/events/13540-soybean-market-turns-on-brazil.md) | -1.7% | +0.1% |
| CORN | 2017-09-15 | [Markets eye global weather](https://feedsoft.ai/events/68874-markets-eye-global-weather.md) | +1.4% | +4.3% |
| CORN | 2024-04-15 | [Weather a driver for the grain markets - Brownfield Ag News](https://feedsoft.ai/events/13196-weather-a-driver-for-the-grain-markets-brownfield-ag-news.md) | -0.2% | +2.0% |

## Sources

- mecardo.com.au: https://mecardo.com.au/feed-markets-on-the-move/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.