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Grain Central reports a Western Australian feed barley cargo sold out in Brisbane, with SFW wheat trading at a premium to barley in the northern market for the first time since January. Northern barley eased in the week while dry conditions persisted in northern New South Wales.
Imported WA barley filling northern demand and wheat trading above barley shift feed purchasing toward alternatives, which limits northern barley price gains.
graincentral.comLiz WellsJul 1, 2023Not enough comparable past events yet for a historical read.
After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% 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.
