
Ukrainian wheat purchase prices stayed under pressure as Black Sea port exports recovered slowly due to Russian ship inspection delays, though premiums rose for quick-delivery food wheat. Western Australia reported a record harvest, and AAFC cut Canada's 2022/23 wheat production forecast by 0.9 million tonnes to 33.8 million.
Slow Black Sea exports and a smaller Canadian crop offer some support, but record Australian output and weak world demand limit upside for wheat feed prices.
After 163 past neutral logistics events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.1%), and -0.3% over 20.
After 44 past logistics events, Wheat (HRW) moved a median -0.7% over 5 sessions (48% higher; middle half -2.8% to +2.8%), and +2.7% 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.