Loading…
Russia is harvesting its new wheat crop, with millions of tonnes of grain expected for export in coming months. Russia is the world's largest wheat exporter and also a major exporter of corn and barley.
Its Black Sea terminals handle these shipments, and the port of Taman accounts for about 7.5% of Russian LPG exports.
Large new-crop Russian supplies available for export in the coming months add to world wheat and corn availability, which tends to weigh on prices for feed buyers.
reuters.comPolina DevittJul 20, 2023After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.
