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About 2.8 million tonnes of Australian feed and malt barley were sold in the first quarter of 2021, mainly to the Middle East and Asia. Sorghum exports held near 95,000 tonnes over three months, with harvest ramping up, and shipping is congested through the coming months.
Strong Australian barley and wheat export demand, paired with congested export channels, supports eastern Australian feed grain prices and offshore competitiveness.
theland.com.auTyson Hosie, AwbApr 14, 2021Not enough comparable past events yet for a historical read.
After 431 past bullish trade events, WHEAT moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), 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.
