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China has started buying new-crop feed barley at least a month earlier than usual, with around one million tonnes of French or Ukrainian barley reportedly traded for July-August 2021 shipment at about $275-$280/t CFR. French barley values jumped from an €8/t discount to parity with the September Matif wheat contract within days.
Early Chinese demand, enabled by lost Australian supply after the trade dispute, pulls European barley exports higher and tightens feed barley availability, supporting firmer European barley and feed grain prices.
fastmarkets.comMasha Belikova, Alex RiabukhaNov 25, 2020Not 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.
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.
