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ABARES says Australian domestic coarse grain prices are inflated by drought, while world barley and corn prices are expected to stay low through 2024-25 because of large inventories. It attributes the feed glut to yield gains and to a roughly 20% fall in 2020 pig slaughter caused by African swine fever in China.
Weak world feed grain prices and reduced global feed demand point to lower barley and corn values, even though local Australian prices remain elevated.
farmonline.com.auGregor HeardMar 3, 2020After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
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.
