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Russia exported about 12 million tonnes of wheat in July-September 2020, nearly matching the prior season, with September reaching a record 5 million tonnes. Turkey, Egypt and Bangladesh were the key importers.
Strong Russian export pace supports competitive Black Sea wheat supply, which tends to cap global wheat prices, although Russia's full-year export potential of 39 million tonnes is only 31% fulfilled.
apk-inform.comNov 13, 2020After 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.
