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USDA data show Australia's record 13.4 million tonne 2016/17 barley crop will make it the largest barley exporter this season, supplying about a quarter of world demand. Australian barley prices are nearly $30/t lower year over year, and China's imports of Australian barley more than tripled in early 2017 after the China-Australia FTA removed duties.
Abundant low-priced Australian barley is displacing EU and Ukrainian supply and keeps feed grain prices depressed, favouring cheap feed for buyers.
graincentral.comGrain CentralApr 13, 2017Not 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.
