# Russia Clinches More Grain Control Just as Wheat Prices Spike

> 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.

- Date: 2024-06-01 · published 2024-06-01T12:00:00.000Z
- Category: policy · region Russia · magnitude medium
- Page: https://feedsoft.ai/events/14305-russia-clinches-more-grain-control-just-as-wheat-prices-spike
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Greater Russian state control over exports could restrict or redirect the world's largest wheat supply, adding upward pressure on wheat prices.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-01-30 | [Russian wheat prices jump to highest since June on falling supply \| S&P Global](https://feedsoft.ai/events/26558-russian-wheat-prices-jump-to-highest-since-june-on-falling-supply-s-and-p-global.md) | -0.1% | +0.6% |
| WHEAT | 2020-06-24 | [How would a Russian quota affect your wheat price? Grain Market Daily \| AHDB](https://feedsoft.ai/events/52648-how-would-a-russian-quota-affect-your-wheat-price-grain-market-daily-ahdb.md) | +0.3% | -5.4% |
| WHEAT | 2023-04-21 | [Russian wheat trade falls silent as price floor leaves market 'broken'](https://feedsoft.ai/events/36463-russian-wheat-trade-falls-silent-as-price-floor-leaves-market-broken.md) | -8.6% | -9.9% |
| WHEAT | 2020-04-16 | [Romania's wheat export ban triggers supply chain concerns in Asia/Middle East, boosts prices](https://feedsoft.ai/events/53537-romania-s-wheat-export-ban-triggers-supply-chain-concerns-in-asia-middle-east.md) | -1.8% | -2.2% |
| WHEAT | 2020-01-16 | [Grain prices rise as concern grows for UK crops - Farmers Weekly](https://feedsoft.ai/events/55149-grain-prices-rise-as-concern-grows-for-uk-crops-farmers-weekly.md) | -0.2% | -5.3% |
| KWHEAT | 2025-01-30 | [Russian wheat prices jump to highest since June on falling supply \| S&P Global](https://feedsoft.ai/events/26558-russian-wheat-prices-jump-to-highest-since-june-on-falling-supply-s-and-p-global.md) | +2.0% | -1.6% |
| KWHEAT | 2020-06-24 | [How would a Russian quota affect your wheat price? Grain Market Daily \| AHDB](https://feedsoft.ai/events/52648-how-would-a-russian-quota-affect-your-wheat-price-grain-market-daily-ahdb.md) | +0.1% | +3.1% |
| KWHEAT | 2023-04-21 | [Russian wheat trade falls silent as price floor leaves market 'broken'](https://feedsoft.ai/events/36463-russian-wheat-trade-falls-silent-as-price-floor-leaves-market-broken.md) | -7.3% | +2.0% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-05-26/russia-clinches-more-grain-control-just-as-wheat-prices-spike

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