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Russia exported 12.2 million tonnes of wheat and meslin in January-June 2021, down 1.8% year on year, while export value rose 16.7% to over $3.1 billion. June wheat exports surged to over 2.2 million tonnes, and imports of corn and barley fell sharply.
Strong Russian wheat export flows in June point to competitive Black Sea supply, which can weigh on wheat and feed grain prices for importers.
ukragroconsult.comAug 18, 2021After 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 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
