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Australian barley has eased in relative terms, trading around A$330/t at port, after a rally in wheat left barley behind. The ASW premium to barley narrowed to about A$10 after Black Sea supply concerns boosted demand for Australian barley.
Barley remains a 10-15% premium to its January level.
Barley's lagging performance versus wheat and a discount to world feed values suggest modest upside for feed barley demand.
mecardo.com.auAngus BrownOct 11, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
