Russian 12.5% protein wheat for end-March FOB delivery was $233/t at the end of the week, with limited shipments and a strong rouble supporting prices. Stormy weather and ice are hindering shipments from Russian ports, and some importers are buying from Romania and Bulgaria instead due to freight advantages.
Shipping disruptions and firm Russian offers keep Black Sea wheat supported, while freight advantages shift demand to Danube-area ports.
After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% 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.