# Wheat jumps after Russia says Cargill to stop grain exports

> Chicago wheat futures rose to a four-week high after Russia's agriculture ministry said Cargill will stop exporting Russian grain from the start of the next season on July 1. Corn edged higher and soybeans were flat.

- Date: 2023-03-29 · published 2023-03-29T12:00:00.000Z
- Category: trade · region Russia · magnitude medium
- Page: https://feedsoft.ai/events/5078-wheat-jumps-after-russia-says-cargill-to-stop-grain-exports
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Losing a major exporter's Russian grain flows tightens the outlook for wheat supplies from the world's largest wheat exporter, supporting wheat prices.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-03-29 | [GRAINS-Wheat Ends Higher as Cargill Set to Stop Handling Russian Grain at Export Terminal](https://feedsoft.ai/events/5082-grains-wheat-ends-higher-as-cargill-set-to-stop-handling-russian-grain-at.md) | -10.7% | -14.2% |
| WHEAT | 2020-04-27 | [Russia to halt wheat exports \| 2020-04-27  \| World Grain](https://feedsoft.ai/events/53497-russia-to-halt-wheat-exports-2020-04-27-world-grain.md) | -0.5% | +0.4% |
| WHEAT | 2023-03-29 | [U.S. grains: Wheat up on Cargill's Russia decision - AgCanada](https://feedsoft.ai/events/5080-u-s-grains-wheat-up-on-cargill-s-russia-decision-agcanada.md) | -10.7% | -14.2% |
| WHEAT | 2018-09-25 | [Russian Grain Exports Slowed](https://feedsoft.ai/events/62870-russian-grain-exports-slowed.md) | +1.8% | +8.0% |
| WHEAT | 2017-02-28 | [Grain Export From Russia To Gear Down](https://feedsoft.ai/events/72348-grain-export-from-russia-to-gear-down.md) | +1.1% | +0.7% |
| KWHEAT | 2023-03-29 | [GRAINS-Wheat Ends Higher as Cargill Set to Stop Handling Russian Grain at Export Terminal](https://feedsoft.ai/events/5082-grains-wheat-ends-higher-as-cargill-set-to-stop-handling-russian-grain-at.md) | 0.0% | -9.1% |
| KWHEAT | 2020-04-27 | [Russia to halt wheat exports \| 2020-04-27  \| World Grain](https://feedsoft.ai/events/53497-russia-to-halt-wheat-exports-2020-04-27-world-grain.md) | +1.5% | -6.4% |
| KWHEAT | 2023-03-29 | [U.S. grains: Wheat up on Cargill's Russia decision - AgCanada](https://feedsoft.ai/events/5080-u-s-grains-wheat-up-on-cargill-s-russia-decision-agcanada.md) | 0.0% | -9.1% |

## Sources

- reuters.com: https://www.reuters.com/article/markets/us/wheat-jumps-after-russia-says-cargill-to-stop-grain-exports-idUSL8N3613VK/

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