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The World Bank and Global Trade Alert report a surge in trade restrictions on food, fertilizers, fuels and raw materials exported by Russia and Ukraine since the start of 2022. Many countries have imposed export bans or restrictions and temporary import tariff cuts to secure supplies.
Export restrictions tighten global availability of grains, oilseeds and fertilizer inputs, supporting prices for feed ingredients and raising the cost of producing them.
worldbank.orgOct 28, 2022After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% 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.
