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London wheat and Chicago soyabean futures fell on January 19-20, with Chicago soyabeans at their lowest since January 11 as Brazilian harvest rains weighed. The article notes China imported 25.89Mt of US soyabeans in 2020, short of the 40Mt Phase 1 target, and that the feed barley discount to wheat widened to record levels before narrowing.
A widening barley discount to wheat makes barley the cheaper feed grain, supporting barley demand from feeders, while Brazilian harvest pressure is bearish for soymeal prices.
ahdb.org.ukJan 20, 2021Not enough comparable past events yet for a historical read.
Not 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.
