Loading…
Australian barley markets were little changed after China formally imposed tariffs on Australian barley imports. Prices had already fallen about $50/t after China's preliminary decision and recovered roughly $15/t since.
Barley trades at a wide discount to wheat, supporting feed demand.
The tariffs have been largely priced in, but the wide barley discount to wheat encourages feed substitution, which limits further downside in barley prices.
farmonline.com.auGregor HeardMay 19, 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.
