UK feed wheat and Paris rapeseed futures eased in mid-February 2025 on weaker Chicago markets and a stronger dollar. Russian wheat exports fell from 5.4 Mt in October to 2.5 Mt in January, a 35% year-on-year drop, while Ukraine's January wheat exports were 0.7 Mt, down 59% year-on-year.
Slower Black Sea wheat shipments tighten export supply and support wheat prices, while a stronger dollar and larger USDA soybean stocks weigh on European markets.
After 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.
After 102 past bullish trade events, Wheat (HRW) moved a median 0.0% over 5 sessions (49% higher; middle half -2.0% to +3.5%), and -1.4% over 20.
After 45 past bullish trade events, US Dollar (Broad) moved a median -0.0% over 5 sessions (42% higher; middle half -0.3% to +0.4%), and -0.0% over 20.
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.