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Russian wheat exports reached a record 4.35 million tonnes in February 2021, and cumulative September-February exports of about 33.25 million tonnes were up 33% year on year. Egypt was the largest buyer, and most major importers increased purchases.
Record Russian shipments show ample supply moving to importers, which weighs on world wheat prices despite strong demand.
ukragroconsult.comMay 6, 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.
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.
