# Commodities 2021: Bullish expectations for 2021 Black Sea wheat prices | S&P Global

> Black Sea wheat prices hit a six-year high of $258.50/mt in October and again in late December. Russian export quotas and a duty take effect from February 15, 2021, and weather risks to the Russian winter crop remain.

- Date: 2020-12-30 · published 2020-12-30T12:00:00.000Z
- Category: policy · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/49512-commodities-2021-bullish-expectations-for-2021-black-sea-wheat-prices-s-and-p
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The Russian export duty and possible winter crop losses are expected to support Black Sea wheat prices through the first half of 2021.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-12-30 | [Black Sea wheat prices on uptrend in 2022, mixed outlook for Russian exports 30.12.2021 - UkrAgroConsult](https://feedsoft.ai/events/14525-black-sea-wheat-prices-on-uptrend-in-2022-mixed-outlook-for-russian-exports-30.md) | -0.7% | +9.2% |
| WHEAT | 2016-11-29 | [Relief for Centre, as rice, wheat, arhar, potato prices stable despite demonetisation - Commodities News \| The Financial Express](https://feedsoft.ai/events/73830-relief-for-centre-as-rice-wheat-arhar-potato-prices-stable-despite.md) | +3.4% | +3.6% |
| WHEAT | 2024-05-07 | [INDIA ELECTIONS: Restrictive steps for wheat, rice exports may persist amid sticky inflation \| S&P Global](https://feedsoft.ai/events/30206-india-elections-restrictive-steps-for-wheat-rice-exports-may-persist-amid.md) | +1.7% | +6.7% |
| WHEAT | 2022-05-17 | [Global Wheat Prices Outlook For Australian Growers](https://feedsoft.ai/events/41375-global-wheat-prices-outlook-for-australian-growers.md) | -2.8% | -3.7% |
| WHEAT | 2021-01-27 | [Analysts weigh up wheat price expectations, following Russian export curbs](https://feedsoft.ai/events/49197-analysts-weigh-up-wheat-price-expectations-following-russian-export-curbs.md) | -10.0% | -0.5% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/123020-commodities-2021-bullish-expectations-for-2021-black-sea-wheat-prices

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.