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Russian wheat export prices rose last week as farmers held back sales amid strong importer demand and a stronger ruble. Black Sea 12.5% protein wheat rose $2 to $191 per tonne FOB per IKAR and $4.50 to $194.50 per SovEcon, while barley rose $2 to $187.
Russia's grain exports reached 11.7 Mt in the 2017/18 season to date, up 24% year on year.
Farmer sales restraint tightens near-term Black Sea export supply just as import demand is strong, pushing wheat and barley export prices higher.
zmp.deOct 2, 2017After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
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.
