Loading…
Russia is moving to expand state control over its grain industry, which could give the government greater power over exports. The report comes as wheat prices rise on concerns about global supply.
Greater Russian state control over exports could restrict or redirect the world's largest wheat supply, adding upward pressure on wheat prices.
bloomberg.comAine QuinnJun 1, 2024After 182 past bullish policy events, WHEAT moved a median +0.1% over 5 sessions (52% higher; middle half -1.9% to +1.4%), and -0.3% over 20.
After 37 past bullish policy events, KWHEAT moved a median -0.1% over 5 sessions (41% higher; middle half -3.4% to +2.0%), and -3.3% 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.
