
Russian Azov-Black Sea ports shipped 4.7 million tonnes of agricultural crops in December 2020, with about 3.94 million tonnes of milling wheat. Turkey and Egypt were the main recipients, and Novorossiysk handled the largest volume.
Strong Russian wheat export flow into Turkey and Egypt supports Black Sea supply competitiveness and tempers global wheat price strength.
After 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.
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.