# Black Sea grain exports beating early market ideas by substantial degree

> Russia is set to export a post-Soviet record 56% of its 2023-24 wheat crop, up from a five-year average of 48%. The US is seen exporting just 39% of its wheat crop versus an average of 50%, reflecting its loss of global market share.

- Date: 2024-03-11 · published 2024-03-11T12:00:00.000Z
- Category: trade · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/14314-black-sea-grain-exports-beating-early-market-ideas-by-substantial-degree
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Heavier Russian export availability adds supply to world wheat markets while US export share shrinks, which weighs on wheat prices and feed-grain alternatives.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-06-16 | [Black Sea Wheat Exports To Grow 5% In 2021/22 \| ESM Magazine](https://feedsoft.ai/events/46432-black-sea-wheat-exports-to-grow-5-in-2021-22-esm-magazine.md) | -8.0% | -12.7% |
| WHEAT | 2020-03-03 | [Black Sea region increased its share of the global grain market — S&P Global Platts](https://feedsoft.ai/events/53984-black-sea-region-increased-its-share-of-the-global-grain-market-s-and-p-global.md) | +6.1% | -1.7% |
| WHEAT | 2020-10-13 | [Ukrainian seaports decreased grain export by 25% in September](https://feedsoft.ai/events/50508-ukrainian-seaports-decreased-grain-export-by-25-in-september.md) | +1.8% | -0.1% |
| WHEAT | 2019-05-14 | [Increasing Black Sea exports are influencing price](https://feedsoft.ai/events/58941-increasing-black-sea-exports-are-influencing-price.md) | +11.5% | +10.0% |
| WHEAT | 2025-07-16 | [Black Sea Exports – News – SSY](https://feedsoft.ai/events/14188-black-sea-exports-news-ssy.md) | +1.6% | -1.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/black-sea-grain-exports-beating-early-market-ideas-by-substantial-degree-braun-2024-03-11/

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