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Australian wheat prices rose about A$5/t while barley fell by the same amount, widening the wheat-to-barley spread to around $80/t. A weak Australian dollar near 66 US cents, its lowest since 2009, is making barley more attractive to exporters.
A wide wheat-barley spread pushes feed users toward barley, and a weaker AUD supports export demand for Australian barley.
graincentral.comGuest AuthorFeb 27, 2020Not enough comparable past events yet for a historical read.
Not 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.
