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Oklahoma 2022 harvest forward contract wheat prices ranged from $7 to $8.37 in late 2021 and remain volatile. Russia has set a wheat export tax of $94.90 per tonne and an export quota for February to June, while its 2021 production fell 362 million bushels.
Russian export taxes and quotas plus tight world stocks keep wheat prices elevated and volatile for feed buyers.
farmprogress.comKim AndersonJan 20, 2022After 37 past bullish policy events, Wheat (HRW) moved a median -0.1% over 5 sessions (41% higher; middle half -3.4% to +2.0%), and -3.3% over 20.
After 182 past bullish policy events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.9% to +1.4%), and -0.3% 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.
