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Canadian feed barley has rallied nearly C$80/mt from harvest lows, and Canadian barley exports for the crop year to December 13 reached 1.5 million mt, up from 0.9 million a year earlier, mainly to China. China's tariffs on Australian barley of nearly 80% pushed Chinese buyers toward Canadian, French and Ukrainian origins.
Chinese demand diverted to Canadian barley and tight feed supplies support barley and feed grain prices into the 2021 crop year, raising feed costs for buyers.
grainews.caJerry KlassenJan 21, 2021Not enough comparable past events yet for a historical read.
After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
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.
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.
