Australia exported 386,069 tonnes of barley and 108,940 tonnes of sorghum in September, according to Australian Bureau of Statistics data. China took about 96% of feed barley, 92% of malting barley and 95% of sorghum exports that month.
Barley exports for the shipping year totalled a record 11.48 million tonnes.
Export stocks are being run down while China's front-end demand remains soft, which limits Australian barley and sorghum supply into the new crop year. Feed grain buyers should expect new-crop shipments to pick up from November, which could ease prices.
Not 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.