China bought modest feed barley tonnage from Ukraine/France for summer 2021 shipment this week. China also has bought some Canadian barley for autumn 2021 shipment, all at prices that were a tad under recent old crop highs. Not only does it indicate that China barley import appetite is shifting higher, it hints that China demand bull conditions have shelf life. China would not buy major volume of new crop barley at that price otherwise.
I’m constantly mining the non-obvious for behaviour and clues to help understand big-picture trends or risk-reward. If you would like more detail on this, please send me an email an l’ll send it to you. I can be reached by clicking here