# Explainer: Why are Russian export prices roiling the wheat market? | Reuters

> Reuters explains why Russian wheat export prices are unsettling the global wheat market. Russian wheat offers in a recent Egyptian import tender were all priced at the same level.

- Date: 2023-09-25 · published 2023-09-25T12:00:00.000Z
- Category: trade · region Russia · magnitude medium
- Page: https://feedsoft.ai/events/34139-explainer-why-are-russian-export-prices-roiling-the-wheat-market-reuters
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Aggressively priced Russian wheat sets a floor-free benchmark that pressures global wheat values and competing origins' export prices.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2022-12-07 | [Wheat prices touch 14-month low on surging Russian exports - Nikkei Asia](https://feedsoft.ai/events/6645-wheat-prices-touch-14-month-low-on-surging-russian-exports-nikkei-asia.md) | +4.4% | -0.7% |
| KWHEAT | 2021-02-02 | [Record wheat exports from Russia increases pressure on prices](https://feedsoft.ai/events/48490-record-wheat-exports-from-russia-increases-pressure-on-prices.md) | +2.3% | +0.3% |
| KWHEAT | 2018-11-20 | [Wheat price held hostage to pace of Russian exports - Farmers Weekly](https://feedsoft.ai/events/62094-wheat-price-held-hostage-to-pace-of-russian-exports-farmers-weekly.md) | -3.3% | +7.2% |
| KWHEAT | 2023-09-25 | [Terrain \| Cheap Russian Wheat Puts Lid on U.S. Wheat Prices](https://feedsoft.ai/events/34145-terrain-cheap-russian-wheat-puts-lid-on-u-s-wheat-prices.md) | -6.7% | -5.8% |
| KWHEAT | 2018-06-29 | [Russian power in Asia's wheat market now includes Vietnam](https://feedsoft.ai/events/64576-russian-power-in-asia-s-wheat-market-now-includes-vietnam.md) | +8.6% | +17.5% |
| WHEAT | 2023-04-26 | [Ukraine's grain export success placates market despite Russia's threats  \| Reuters](https://feedsoft.ai/events/14399-ukraine-s-grain-export-success-placates-market-despite-russia-s-threats-reuters.md) | -0.1% | -2.5% |
| WHEAT | 2022-12-07 | [Wheat prices touch 14-month low on surging Russian exports - Nikkei Asia](https://feedsoft.ai/events/6645-wheat-prices-touch-14-month-low-on-surging-russian-exports-nikkei-asia.md) | +10.0% | +8.7% |
| WHEAT | 2023-05-11 | [Explainer: Have Western sanctions on Russia impacted its wheat exports? \| Reuters](https://feedsoft.ai/events/14395-explainer-have-western-sanctions-on-russia-impacted-its-wheat-exports-reuters.md) | -1.1% | -7.6% |

## Sources

- reuters.com: https://www.reuters.com/article/markets/commodities/why-are-russian-export-prices-roiling-the-wheat-market-idUSL8N3AX4U4/

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