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Saudi Arabia remains closed to Canadian wheat and barley shipments following a diplomatic dispute last August, which previously absorbed about 135,000 tonnes of Canadian barley annually. Alberta Barley says other markets, including China, have taken up the volume amid tight global supply.
Losing the Saudi outlet is offset by strong demand from China and others, so the impact on Canadian barley prices is limited.
okotoksonline.comApr 16, 2019Not enough comparable past events yet for a historical read.
After 38 past neutral geopolitics events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.6% to +1.5%), and +0.8% 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.
