# U.S. grains: Wheat up on Cargill's Russia decision - AgCanada

> Chicago wheat futures settled higher after Cargill said it will stop handling Russian grain at its export terminal from July. Cargill's shipping unit will keep carrying Russian grain from ports, and Viterra was reported planning to exit Russian grain trading.

- Date: 2023-03-29 · published 2023-03-29T12:00:00.000Z
- Category: trade · region Russia · magnitude medium
- Page: https://feedsoft.ai/events/5080-u-s-grains-wheat-up-on-cargill-s-russia-decision-agcanada
- 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

Fewer global traders handling Russian grain raises logistics and supply uncertainty in the Black Sea, supporting wheat prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-10-19 | [U.S. grains: Soy, wheat, corn firm on export demand - AgCanada](https://feedsoft.ai/events/68544-u-s-grains-soy-wheat-corn-firm-on-export-demand-agcanada.md) | +0.2% | -3.0% |
| WHEAT | 2020-03-23 | [U.S. grains: Wheat jumps to one-month top - AgCanada](https://feedsoft.ai/events/6172-u-s-grains-wheat-jumps-to-one-month-top-agcanada.md) | -6.6% | -4.4% |
| WHEAT | 2023-03-29 | [Wheat jumps after Russia says Cargill to stop grain exports](https://feedsoft.ai/events/5078-wheat-jumps-after-russia-says-cargill-to-stop-grain-exports.md) | -10.7% | -14.2% |
| 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 | 2018-07-19 | [U.S. grains: Markets set one-week highs on export hopes, weather woes - AgCanada](https://feedsoft.ai/events/64079-u-s-grains-markets-set-one-week-highs-on-export-hopes-weather-woes-agcanada.md) | +3.7% | +2.1% |
| KWHEAT | 2020-03-23 | [U.S. grains: Wheat jumps to one-month top - AgCanada](https://feedsoft.ai/events/6172-u-s-grains-wheat-jumps-to-one-month-top-agcanada.md) | +3.8% | +5.6% |
| KWHEAT | 2023-03-29 | [Wheat jumps after Russia says Cargill to stop grain exports](https://feedsoft.ai/events/5078-wheat-jumps-after-russia-says-cargill-to-stop-grain-exports.md) | 0.0% | -9.1% |
| 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% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-grains-wheat-up-on-cargills-russia-decision

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