Chicago wheat prices head for ninth straight weekly decline on prospects of higher Russian exports

After 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.

• Nov 20, 2018Wheat price held hostage to pace of Russian exports - Farmers Weekly-0.7%
• Dec 7, 2022Wheat prices touch 14-month low on surging Russian exports - Nikkei Asia+10.0%
• Feb 2, 2021Record wheat exports from Russia increases pressure on prices+0.3%
• Sep 25, 2023Terrain | Cheap Russian Wheat Puts Lid on U.S. Wheat Prices-2.7%
• Sep 25, 2023Explainer: Why are Russian export prices roiling the wheat market? | Reuters-2.7%

After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.

• Jul 24, 2018Due to higher prices, Russia increases wheat export+1.7%
• Sep 22, 2022U.S. Weekly Export Sales to China Notable in Wheat, Meats - Pro Farmer-2.8%
• Mar 18, 2021Chinese Imports of Sorghum, Driving U.S. Prices Higher -+10.8%
• Sep 21, 2023Asia rice: India’s export curbs stall trade; prices in other hubs decline - Markets - Business Recorder-0.2%
• Dec 7, 2021Grain exports from Ukraine are 17% higher than last year's pace, while those from Russia are 19% behind-0.5%