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Gro Intelligence reports that rising Russian food inflation has raised fears that Russia, the largest wheat exporter, could impose an export quota on its current crop. Such a quota would reduce wheat available to world buyers.
A possible Russian export quota would cut global wheat supply during a period of already high prices, which would push wheat prices higher for feed and bread users.
gro-intelligence.comOct 8, 2021After 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.
