Loading…
Wheat quotes fell on July 27 after traders took profits on a better-than-expected US spring wheat yield and anticipation of the first grain ships leaving Ukrainian ports. Chicago SRW fell 1.7% and Kansas City HRW fell 1.8%, and the UN said exports could resume within days.
Expected resumption of Ukrainian sea exports adds supply and pressures wheat prices, partly offset by the logistical risks of ships and mines in the corridor.
ukragroconsult.comJul 12, 2022After 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.
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.
Not enough comparable past events yet for a historical read.
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.
