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The European Commission raised its 2021/22 EU soft wheat export forecast to 32 million tonnes from 30 million. Russia's export tax for the week from 1 December 2021 is set at $80.8 per tonne for wheat, $68.3 for barley and $54.3 for corn.
Ukrainian seaport data for October and French harvest progress are also reported.
A larger EU export forecast adds competing supply in world wheat markets, which is bearish for wheat. Russian export taxes set the floor for Russian FOB offers and affect Black Sea competitiveness.
tahilborsa.comGate.BGNov 26, 2021After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
