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Since early February, the port bid price of Australian barley has tracked nearby US corn prices, rising 23% while US corn rose 25%. The move coincides with rising tensions around the Ukraine conflict.
Barley and corn prices are moving together on war-driven supply worries, supporting feed grain values broadly.
ukragroconsult.comApr 26, 2022Not enough comparable past events yet for a historical read.
After 323 past bullish geopolitics events, Corn moved a median +0.5% over 5 sessions (57% higher; middle half -1.5% to +2.9%), and +0.9% 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.
