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South Australian feed barley is priced at A$450/t on an Outer Harbour basis for 2021/22, with new-season barley trading at A$390-400/t. The spread between Australian wheat and barley has widened to A$80 as northern hemisphere production concerns and India's export ban push old-crop wheat to new highs.
Wheat strength and Ukrainian planting shortfalls are lifting global feed grain values, and Australian barley remains a relatively cheap feed option that buyers may substitute toward.
stockjournal.com.auEd ScampsMay 27, 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.
