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Analysts expect Australian barley exports to China could resume before the 2022-23 crop is harvested, after tensions thawed following Australia's election of a new government. China has not bought Australian barley for over two years, and Russian barley is expensive while Canada had a poor crop last year.
Expected Chinese return to Australian barley would add export demand and likely lift domestic Australian prices, as China struggles to source feed grain elsewhere.
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.