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World Grain reports that uncertainty about world wheat supplies continues to underpin US wheat prices, which have built a risk premium of about $1 per bushel since the invasion. Key unknowns include Ukrainian winter harvest, spring seedings at 40% to 60% of typical acreage, and shipments from compromised ports.
The risk premium in US wheat reflects uncertain Ukrainian output and export logistics, keeping prices elevated for feed buyers.
world-grain.comMatt NoltemeyerMar 24, 2022Not enough comparable past events yet for a historical read.
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.
After 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.
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.
