# Saudi tender, US estimates dominate news  | Queensland Country Life | QLD

> A Saudi Arabian barley tender bought 1.02 Mt at an average US$266.83/t CFR, with all but one cargo going to Glencore. Australia was not in the tender, and the USDA's supply and demand estimates were also released that week.

- Date: 2018-11-12 · published 2018-11-12T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/62116-saudi-tender-us-estimates-dominate-news-queensland-country-life-qld
- Commodities: [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

The tender price and Australia's exclusion signal weak export competitiveness for Australian barley, with Argentina likely supplying much of the volume.

## Read by commodity

- BARLEY: bearish ▼

## Sources

- queenslandcountrylife.com.au: https://www.queenslandcountrylife.com.au/story/5754603/saudi-tender-us-estimates-dominate-news-grain-brokers-australia/

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