# GRAINS-Wheat Ends Higher as Cargill Set to Stop Handling Russian Grain at Export Terminal

> Chicago wheat futures settled higher after Cargill said it will stop handling Russian grain at its export terminal from July. Corn and soybeans also rose, with soybeans supported by dry conditions in Argentina.

- Date: 2023-03-29 · published 2023-03-29T12:00:00.000Z
- Category: trade · region Russia · magnitude medium
- Page: https://feedsoft.ai/events/5082-grains-wheat-ends-higher-as-cargill-set-to-stop-handling-russian-grain-at
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Reduced Russian export handling and Argentine dryness tighten global grain and soybean supplies, supporting wheat and soybean prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2026-06-18 | [Grains End Higher on Soybean Export Biz as China Also Looks for Corn and Wheat - AgWeb](https://feedsoft.ai/events/14571-grains-end-higher-on-soybean-export-biz-as-china-also-looks-for-corn-and-wheat.md) | -1.4% | -1.2% |
| 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 | 2018-07-24 | [Due to higher prices, Russia increases wheat export](https://feedsoft.ai/events/63888-due-to-higher-prices-russia-increases-wheat-export.md) | -1.0% | -0.2% |
| WHEAT | 2019-01-22 | [Wheat ETF Gains as China Reopens Trade, Russia Curbs Exports \| ETF Trends](https://feedsoft.ai/events/7651-wheat-etf-gains-as-china-reopens-trade-russia-curbs-exports-etf-trends.md) | -0.0% | -2.1% |
| 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 | 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

- agriculture.com: https://www.agriculture.com/markets/newswire/grains-wheat-ends-higher-as-cargill-set-to-stop-handling-russian-grain-at-export

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