Tag Archives: Australia

Sam Hudson with Cornbelt Marketing joins the Fontanelle Final Bell as the markets get back to work after the Labor Day holiday. In the grains they essentially picked up where they left off last week. Soybeans notched their 11th consecutive higher close. The rally partially driven by strong Chinese demand. However Hudson is cautious to ride the Chinese demand bull to far because China has spoken for a lot of grain, but has not taken a lot of delivery yet.

Hudson also covers how the current moisture and cool temperatures could impact markets. Overall he expects the impact to be negligible as the moisture may be a little to late and frosty temperatures not too damaging.

Catch the full episode here:

A major Australian barley exporter barred from China in the latest trade dispute to hit bilateral relations says the Chinese are only now acting on grain shipments dating back to 2019. China on Tuesday suspended barley imports from CBH Grain Pty. Ltd., Australia’s largest grain-exporting company, saying the grain was contaminated. But the delay in China’s response to a sanitary issue adds weight to suspicions that CBH is suffering collateral damage from political tensions, including a dispute over Australia’s call for an independent inquiry into Beijing’s handling of the coronavirus pandemic. CBH executive Jason Craig says the Chinese ban is over weed seeds in barley shipments to China dating back to December last year.

According to USDA data US Barley exports are up nearly 25% on the year. Last week USDA inspected 1,270 MT of US barley for export around the world.