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Australian barley prices have recovered over the past six months but remain below May 2020 levels after China's tariffs. ABARES raised its barley production forecast to about 12.5 million tonnes, with strong exports expected.
Barley trades at a discount to wheat, and a large exportable surplus keeps the feed market price floor tied to wheat values.
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.