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Rain interrupted harvest in southeastern Australia, and China's review of Australian barley pricing pushed barley prices lower. Feedlots are switching from wheat to barley, and cottonseed is being booked at a discount to spot prices in northern NSW and southern Queensland.
China's pricing probe weighs on Australian barley export values, while cheaper cottonseed reduces feed costs for feedlots.
graincentral.comGuest AuthorNov 29, 2018Not enough comparable past events yet for a historical read.
Not 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.
