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Australian feed barley fell to lows around A$205-245/t at harvest after China imposed a prohibitive tariff on Australian barley following an anti-dumping investigation. Prices have since risen nearly A$30/t, helped by tight global corn stocks, with USDA pegging the global corn stocks-to-use ratio at 25%.
Tight global corn stocks are lifting feedgrain prices, and Australian barley's low price makes it a substitute for corn in feed rations.
marketcheck.com.auJan 14, 2021Not enough comparable past events yet for a historical read.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
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.
