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Saudi state buyer SAGO bought 1.02 million tonnes of barley for December 2019 to February 2020 delivery at an average $209.95/t CFR, up $3.19 from its August tender. Russia's larger barley harvest is expected to lift exports, with Ukraine also exporting new-season barley.
A firm Saudi tender supports world barley prices, but abundant Russian and Ukrainian supply limits upside.
graintrade.com.uaOct 1, 2019Not 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.
