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Saudi Arabia bought around one million tonnes of Australian feed barley this week from eight traders, with optional origin and arrival in January to mid-March 2017. Trade sources said the purchase is a return to volume buying after the 2013-14 season, when Saudi bought 1.2Mt.
A large new export destination absorbs supply during Australia's record harvest and puts a floor under feed barley values, supporting prices for buyers sourcing barley.
graincentral.comHenry WellsDec 8, 2016Not 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.
