Loading…
CBH Group's trading manager said WA barley area could fall further from 2021 if China stays out of the Australian barley market. GIWA's latest estimate puts WA planted barley area at 1.62Mha, down from last year's record 1.9Mha after China's tariff.
Lower Australian barley area and China's absence widen the barley-wheat spread, which supports barley prices and shifts feed demand toward wheat and other feed grains.
graincentral.comLiz WellsJul 29, 2020Not enough comparable past events yet for a historical read.
After 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), 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.
