# Russia continues to complicate global wheat markets | Stock Journal | SA

> Global wheat markets remain split between large stocks in the EU and Black Sea and tight supplies in Canada, Australia and the US. Russia is expected to export a record 50 million tonnes, with reported floor prices of $270 FOB that are inconsistently applied and FOB prices around $226. A strengthening ruble has reportedly slowed Russian exports.

- Date: 2023-11-17 · published 2023-11-17T12:00:00.000Z
- Category: trade · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/12258-russia-continues-to-complicate-global-wheat-markets-stock-journal-sa
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Russia's dominant export pace and opaque pricing cap wheat rallies, while a firmer ruble could reduce selling pressure and support prices.

## Read by commodity

- WHEAT: neutral
- USDCAD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-06-05 | [Indonesia continues to buy more Russian wheat, Australian producers concerned \| Stock & Land \| VIC](https://feedsoft.ai/events/64434-indonesia-continues-to-buy-more-russian-wheat-australian-producers-concerned.md) | -0.3% | -6.7% |
| WHEAT | 2023-12-15 | [US wheat recovery stalls on lack of Chinese purchases \| Stock Journal \| SA](https://feedsoft.ai/events/32744-us-wheat-recovery-stalls-on-lack-of-chinese-purchases-stock-journal-sa.md) | +2.0% | +3.1% |
| WHEAT | 2024-03-22 | [What’s holding back US hard white wheat in world markets? - High Plains Journal](https://feedsoft.ai/events/31247-what-s-holding-back-us-hard-white-wheat-in-world-markets-high-plains-journal.md) | +1.2% | +2.7% |
| WHEAT | 2019-02-01 | [How Russia and Ukraine took over the wheat market](https://feedsoft.ai/events/60647-how-russia-and-ukraine-took-over-the-wheat-market.md) | -1.2% | -6.2% |
| WHEAT | 2019-02-18 | [Keeping grains clean will keep access to global markets  - MooseJawToday.com](https://feedsoft.ai/events/60576-keeping-grains-clean-will-keep-access-to-global-markets-moosejawtoday-com.md) | -1.6% | -3.4% |

## Sources

- stockjournal.com.au: https://www.stockjournal.com.au/story/8424356/global-wheat-markets-disjointed/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.