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Consolidating production prospects in southeastern Australia have reduced buying interest in current-crop barley, and prices have softened. Recent rain has improved crop conditions in Victoria and South Australia, and the new-crop discount to old crop is about $55/t for barley.
Good new-crop prospects and a wide inverse weaken near-term barley prices, though weather risks remain until harvest.
beefcentral.comGuest AuthorAug 16, 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.
