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Grain Central reports that Australian malting barley exports to China were hurt by China's tariff imposed in May 2020, while feedgrain demand is rising. CBH says China's corn consumption of about 295Mt exceeds its roughly 260Mt production, requiring imports and stock drawdowns.
China's structural corn deficit drives import demand for feed grains, supporting feed barley and corn prices while Australian malting exports remain constrained.
graincentral.comHenry WellsJul 30, 2021After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
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.
