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East Coast Australian barley prices eased as farmers sold into an expected large harvest, with old-crop Darling Downs bids falling $5 to $295/t. Weak export demand after Saudi needs were covered and China's absence from the market added pressure, while buyers increased barley in feed rations due to its discount to wheat.
Abundant supply and limited export outlets weigh on Australian barley, while cheap barley relative to wheat boosts feed usage and supports domestic demand.
ukragroconsult.comJul 20, 2021Not 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.
