# Russian wheat export prices down amid weak demand - Markets - Business Recorder

> Russian wheat export prices fell for a third straight week as weak demand and lower Chicago and Paris prices weighed on the market. Sovecon cut barley by $6 to $248 per tonne, and Russia's 2021 wheat crop estimate was raised. Traders are adjusting to a high Russian wheat export tax.

- Date: 2021-03-22 · published 2021-03-22T12:00:00.000Z
- Category: weather · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/12405-russian-wheat-export-prices-down-amid-weak-demand-markets-business-recorder
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Improved Northern Hemisphere weather and a larger Russian crop expectation point to lower Black Sea wheat and barley export prices, although the export tax limits exports.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BARLEY | 2021-03-22 | 1 | -4.7% | -3.0 | On the move date, Russian wheat and barley export prices fell for a third week on weak demand, a larger Russian crop estimate and lower Chicago and Paris futures, a bearish sentiment signal for feed grains including barley. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-05-10 | [Paris wheat drops - Markets - Business Recorder](https://feedsoft.ai/events/11412-paris-wheat-drops-markets-business-recorder.md) | +3.5% | -1.9% |
| WHEAT | 2023-04-25 | [Wheat hovers near 21-month low as weather, exports weigh - Markets - Business Recorder](https://feedsoft.ai/events/10361-wheat-hovers-near-21-month-low-as-weather-exports-weigh-markets-business.md) | +0.0% | -3.1% |
| WHEAT | 2021-06-21 | [Wheat down 9-11 cents, corn down 13-19 cents, soy down 18-25 cents - Markets - Business Recorder](https://feedsoft.ai/events/7306-wheat-down-9-11-cents-corn-down-13-19-cents-soy-down-18-25-cents-markets.md) | -8.4% | -11.3% |
| WHEAT | 2021-01-20 | [Soybeans down for third session on South America rains; wheat, corn fall - Markets - Business Recorder](https://feedsoft.ai/events/8238-soybeans-down-for-third-session-on-south-america-rains-wheat-corn-fall-markets.md) | +4.0% | +2.6% |
| WHEAT | 2021-03-12 | [Wheat flat; set for second weekly drop as US weather improves - Markets - Business Recorder](https://feedsoft.ai/events/5121-wheat-flat-set-for-second-weekly-drop-as-us-weather-improves-markets-business.md) | -0.3% | +0.5% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40076589

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