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Eastern Australian feedlots are switching to 100 percent barley rations as wheat bought during the drought is drawn down. The barley-wheat price gap has widened to about $50/t, sometimes $80-90/t, after China's withdrawal and a large WA, Victoria and SA barley surplus.
Strong feedlot demand for barley and a wide wheat spread support barley prices in eastern Australia while wheat feed demand weakens.
graincentral.comJon CondonJul 24, 2020Not enough comparable past events yet for a historical read.
Not 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.
