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European feed barley prices dropped sharply, with bagged barley falling about 16.6% to 35-36 cents per kilo by mid-December and fodder barley in France down 30 euros in January to 263 euros per tonne. The declines are attributed to competitive Russian export prices, a weak ruble and the fading of the war premium.
Cheaper Russian exports and softer European feed barley prices pressure global feed grain values and give buyers cheaper alternatives.
tridge.comAgrosektorJan 23, 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.
