Loading…
Russian wheat exports from Black Sea ports were stable at 574,653 tonnes in the week ended July 26, 2024. July wheat exports are down about 20% year on year, while barley shipments tripled week on week to 235,416 tonnes.
Weaker Russian wheat shipments reduce competitive supply, which is mildly supportive for wheat prices. Higher barley flows add some offsetting feed grain supply.
fastmarkets.comYana SukharskaJul 30, 2024After 431 past bullish trade events, WHEAT 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.
