# Barley: All dressed up and nowhere to go - Grain Central

> Australian barley and grain markets are awaiting clarity on the US-China trade truce, with CBOT soybeans up 2.5% last week on hopes of sales. Rumours suggest China approved purchases of 5 million tonnes of US soybeans via Sinograin and COFCO. Egypt and Russia also made wheat purchases in recent tenders.

- Date: 2018-12-11 · published 2018-12-11T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/61623-barley-all-dressed-up-and-nowhere-to-go-grain-central
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Unconfirmed Chinese purchases support soybean prices, but a record Brazilian crop may cap gains until US sales are confirmed.

## Read by commodity

- SOY: bullish ▲
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-03-26 | [Daily Market Wire 27 March 2023 - Grain Central](https://feedsoft.ai/events/5084-daily-market-wire-27-march-2023-grain-central.md) | +5.4% | +2.6% |
| SOY | 2019-03-12 | [Daily Market Wire 13 March 2019 - Grain Central](https://feedsoft.ai/events/10671-daily-market-wire-13-march-2019-grain-central.md) | +3.2% | +2.4% |
| SOY | 2020-07-17 | [Daily Market Wire 17 July 2020 - Grain Central](https://feedsoft.ai/events/6208-daily-market-wire-17-july-2020-grain-central.md) | +1.4% | +1.5% |
| SOY | 2021-09-15 | [Daily Market Wire 16 September 2021 - Grain Central](https://feedsoft.ai/events/12294-daily-market-wire-16-september-2021-grain-central.md) | -0.2% | -6.1% |
| SOY | 2026-09-01 | [After the Bell \| Grain and energy rally - Pro Farmer](https://feedsoft.ai/events/10977-after-the-bell-grain-and-energy-rally-pro-farmer.md) | +2.1% | +1.8% |
| WHEAT | 2020-07-29 | [China exit may further pressure WA barley area - Grain Central](https://feedsoft.ai/events/52185-china-exit-may-further-pressure-wa-barley-area-grain-central.md) | -1.3% | +0.6% |
| WHEAT | 2020-05-13 | [UK barley exports – where in the world could they go? Grain Market Daily \| AHDB](https://feedsoft.ai/events/53201-uk-barley-exports-where-in-the-world-could-they-go-grain-market-daily-ahdb.md) | -0.4% | +0.5% |
| WHEAT | 2022-03-22 | [Demand for Russian wheat holds strong despite war - Grain Central](https://feedsoft.ai/events/14505-demand-for-russian-wheat-holds-strong-despite-war-grain-central.md) | +2.0% | -9.1% |

## Sources

- graincentral.com: https://www.graincentral.com/trade/barley-all-dressed-up-and-nowhere-to-go/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.