◂ Event Timeline

Jan 27, 2021TRADESaudi Arabia

Saudi buys up big in barley tender

Saudi Arabia's SAGO bought 660,000 tonnes of feed barley at US$277.65 per tonne cost and freight, booking 11 cargoes against an eight-cargo tender. Suppliers include Viterra, GrainCorp, CBH, Bunge, COFCO and Aston.

The price is about 20% above the November tender.

WHY IT MATTERS

Strong Saudi demand and a 20% price lift reflect firm global feedgrain values, which supports barley prices and gives Australian supply a competitive edge.

AFFECTSBarley▲Corn▲

SOURCE
graincentral.comHenry WellsJan 27, 2021

Price reaction & history

Barley▲bullish

Not enough comparable past events yet for a historical read.

Corn▲bullishSO FAR1d +0.2%5d +1.9%20d -0.6%

After 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.

Nov 12, 2018Barley weakens, corn grows as Australia remembers the fallen - Grain Central-6.7%
Jul 30, 2021Australian malting barley ceiling falls, feed floor lifts - Grain Central-0.1%
Nov 30, 2020Mexico Buys Most U.S. Corn in Nearly a Year | Feed & Grain-1.5%
Jan 21, 2021Strong barley prices will continue in 2021 - Grainews+3.8%
Oct 17, 2024Barley prices in Ukraine follow wheat and corn prices up+2.1%

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.

Barley BARLEY · GP ▸

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Corn CORN · GP ▸

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