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China's tariffs on Australian barley have led analysts to look at alternative markets. USDA estimates China's 2020/21 barley imports at 6 MMT, and Chinese corn prices at five-year highs could support that demand.
Trade flows will shift away from Australia toward European and Ukrainian barley, tightening supplies for Middle East buyers and pressuring Australian barley prices.
farmweekly.com.auAdrian Mondy, Flexigrain Regional ManagerMay 28, 2020Not enough comparable past events yet for a historical read.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), 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.
