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Russian wheat is still moving to export markets, including Egypt, despite the war. Trade flows from Black Sea ports have been severely disrupted, and the Russian Navy continues to restrict vessel movement.
Reports put the number of ships held at 100 to 200 or more.
Steady buyer demand for Russian wheat supports prices and limits the discount that disrupted supply would otherwise create. Route risk keeps freight and insurance costs high.
graincentral.comGuest AuthorMar 22, 2022After 206 past neutral trade events, WHEAT moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), and +0.5% over 20.
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.
