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High Plains Journal republished the USDA ERS analysis that US wheat export prices surged after the Russia-Ukraine conflict. HRW prices were up 78% and SRW up 64% in March from a year earlier.
Domestic rail and transport problems and Plains drought have also supported US prices.
The analysis shows US wheat is priced at a premium to competitors while Black Sea supply stays uncertain, which supports US wheat values and the cost of wheat used in feed.
hpj.comHPJ StaffApr 27, 2022After 361 past bullish geopolitics events, Wheat (SRW) moved a median +0.7% over 5 sessions (58% higher; middle half -1.4% to +3.7%), and +1.3% over 20.
After 94 past bullish geopolitics events, Wheat (HRW) moved a median +0.1% over 5 sessions (50% higher; middle half -2.7% to +5.8%), and +0.1% 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.
