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Western Australian farmers are reportedly switching plantings from barley to wheat and oats following China's tariff imposition on Australian barley. The article text is truncated, so further detail is unavailable.
Lower barley acreage reduces feed barley supply in Australia while China's tariffs cut export demand, which weighs on barley prices and supports wheat and oat values.
countryman.com.auCally DupeMay 13, 2020Not enough comparable past events yet for a historical read.
After 431 past bullish trade events, WHEAT moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
After 40 past bullish trade events, OATS moved a median -0.6% over 5 sessions (40% higher; middle half -2.8% to +1.7%), and -3.2% 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.
