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Australia shipped more than 1 Mt of barley in March, the busiest month of 2018 for bulk barley exports from southern Australia, driven by malting demand. Feedgrain supplies are tight in eastern Australia, and strong Saudi and Chinese sales have reduced domestic availability.
Tight Australian feed barley supply keeps domestic prices about $30-35/t above world values until Black Sea barley arrives in July-August, supporting feed costs.
graincentral.comLiz WellsMay 17, 2018Not 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.
