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Australia won its first significant barley tender to Saudi Arabia in years, based on cheap pricing. Australian barley lost access to China, and France has shifted from a discount to a premium over Australian barley, with 86% of French barley exports since July going to China.
Rerouting of barley flows to China from France, Canada, Argentina and Ukraine supports those origins' prices while Australian supply is discounted.
graincentral.comGuest AuthorNov 19, 2020Not 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.
