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Australian barley markets were little changed after China formally imposed tariffs on Australian barley imports. Prices had already fallen about $50/t after China's preliminary decision and recovered roughly $15/t since.
Barley trades at a wide discount to wheat, supporting feed demand.
The tariffs have been largely priced in, but the wide barley discount to wheat encourages feed substitution, which limits further downside in barley prices.
farmonline.com.auGregor Heard2020年5月19日历史可比事件尚不足，暂无法给出历史解读。
在过去 206 次中性的贸易事件之后，小麦(SRW) 在 5 个交易日内中位数变动 +0.1%（53% 上涨；中间一半区间为 -1.3% 至 +1.6%），20 个交易日内为 +0.5%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
