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Russian wheat export prices rose for a fourth consecutive week on dry weather and strong importer demand, with 12.5% protein wheat at $257/t FOB. Domestic prices are climbing, and Russia plans a January-June grain export quota whose size has not been disclosed.
Rising Russian FOB prices and possible export quotas tighten Black Sea feed grain supply, supporting global wheat and barley prices.
financialpost.comReutersOct 26, 2020Not enough comparable past events yet for a historical read.
After 182 past bullish policy events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.9% to +1.4%), and -0.3% 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.
