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Russia is in talks with major partners including Egypt, Turkey and Iran to settle agricultural exports in local currencies, and expects agricultural exports of about $40 billion this year. The same commentary notes wheat, corn and soybean futures moves over the past week and month-to-date.
Local-currency settlement and Russia's export outlook can shift trade flows for wheat and oilseeds, but the article is mainly a daily wrap with limited immediate price impact.
admisi.comADMIS Research TeamOct 3, 2022After 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), and +0.5% 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.
