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Australian barley prices face pressure from Brazil's record safrinha corn harvest, which is cheapening corn imports into China. China's anti-dumping duties on Australian barley remain in place, though they could be lifted within weeks.
Expected Brazilian corn supply undercuts Australian barley export prices, while a possible removal of Chinese duties would be a supportive offset for barley demand.
stockjournal.com.auEd Scamps, Cloudbreak Grain MarketingJun 2, 2023Not enough comparable past events yet for a historical read.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.
