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USDA sees Australian barley production for 2021-22 at a record 13.7 Mt, with exports forecast near 9 Mt. Australian barley is the cheapest major origin and saw the smallest price rise since the Ukraine invasion, while China's duties still limit trade with Australia.
A record Australian barley crop and export availability add supply to the feedgrain market, a mild bearish factor for barley versus competing origins.
graincentral.comGrain CentralApr 11, 2022Not enough comparable past events yet for a historical read.
After 770 past neutral report events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
