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Saudi Grains Organization closed a tender on January 22, 2021 seeking 480,000 tonnes of feed barley for arrival between March 15 and April 15. Australian sellers are expected to compete strongly, with elevation margins around $15-20/t and competitive barley available behind ports.
Strong Australian competitiveness and a tight global grain market support barley export prices, while port logistics constrain how much Australia can ship.
graincentral.comHenry WellsJan 22, 2021Not 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.
