# A nervous grain market awaits - Mecardo

> Mecardo's Nick Booth reports that Russia floated limiting wheat and sunflower oil exports, then clarified it was aimed at keeping prices above a floor of about US$275/t. Cargill and Viterra also reportedly plan to stop exporting wheat from Russia, though they would continue originating grain there.

- Date: 2023-03-31 · published 2023-03-31T12:00:00.000Z
- Category: trade · region Russia · magnitude medium
- Page: https://feedsoft.ai/events/36897-a-nervous-grain-market-awaits-mecardo
- Commodities: [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A Russian export floor and possible disruption to major exporters support global wheat prices and keep sunflower oil supplies tight. Tight stocks make the market sensitive to any supply interruption.

## Read by commodity

- WHEAT: bullish ▲
- SUNMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2023-03-26 | [Daily Market Wire 27 March 2023 - Grain Central](https://feedsoft.ai/events/5084-daily-market-wire-27-march-2023-grain-central.md) | +3.5% | -1.8% |
| KWHEAT | 2025-11-04 | [Daily Market Wire 4 November 2025 - Grain Central](https://feedsoft.ai/events/6939-daily-market-wire-4-november-2025-grain-central.md) | -0.9% | -1.6% |
| KWHEAT | 2016-10-23 | [Daily market wire 24 Oct 2016 - Grain Central](https://feedsoft.ai/events/10543-daily-market-wire-24-oct-2016-grain-central.md) | -2.4% | -1.7% |
| KWHEAT | 2019-03-12 | [Daily Market Wire 13 March 2019 - Grain Central](https://feedsoft.ai/events/10671-daily-market-wire-13-march-2019-grain-central.md) | +5.4% | +4.2% |
| KWHEAT | 2021-09-15 | [Daily Market Wire 16 September 2021 - Grain Central](https://feedsoft.ai/events/12294-daily-market-wire-16-september-2021-grain-central.md) | +0.6% | +7.8% |
| WHEAT | 2023-03-26 | [Daily Market Wire 27 March 2023 - Grain Central](https://feedsoft.ai/events/5084-daily-market-wire-27-march-2023-grain-central.md) | +10.6% | -4.5% |
| WHEAT | 2025-11-04 | [Daily Market Wire 4 November 2025 - Grain Central](https://feedsoft.ai/events/6939-daily-market-wire-4-november-2025-grain-central.md) | -3.7% | -1.2% |
| WHEAT | 2019-03-12 | [Daily Market Wire 13 March 2019 - Grain Central](https://feedsoft.ai/events/10671-daily-market-wire-13-march-2019-grain-central.md) | +3.6% | +2.6% |

## Sources

- mecardo.com.au: https://mecardo.com.au/a-nervous-grain-market-awaits/

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