Terrain | Cheap Russian Wheat Puts Lid on U.S. Wheat Prices

After 82 past bearish trade events, Wheat (HRW) moved a median -0.3% over 5 sessions (48% higher; middle half -2.8% to +1.9%), and +0.1% over 20.

• Nov 1, 2018How long can Russia undercut U.S. wheat prices?+1.8%
• Dec 7, 2022Wheat prices touch 14-month low on surging Russian exports - Nikkei Asia+4.4%
• Feb 2, 2021Record wheat exports from Russia increases pressure on prices+2.3%
• Sep 25, 2023Explainer: Why are Russian export prices roiling the wheat market? | Reuters-6.7%
• Nov 20, 2018Wheat price held hostage to pace of Russian exports - Farmers Weekly-3.3%

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 1, 2018How long can Russia undercut U.S. wheat prices?-3.7%
• 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, 2023Explainer: Why are Russian export prices roiling the wheat market? | Reuters-2.7%
• Mar 5, 2024Wheat Price Tumbles as Russian Discounts Force Reductions | CZ app-8.1%

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.

• Mar 5, 2024Wheat Price Tumbles as Russian Discounts Force Reductions | CZ app+1.7%
• Mar 13, 2026Grain prices surge: U.S. farmers rush to sell crops+4.1%
• Nov 27, 2018IGC Data Shows U.S. Wheat Prices in a Rare Position - U.S. Wheat Associates+8.3%
• Feb 26, 2018Tops in Wheat, Russia Moves Up as a Feed Grain Exporter+1.8%
• Dec 18, 2019U.S. grains: Prices slip after rallying on trade deal - Grainews-0.1%