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A Reuters poll of 17 analysts expects wheat exports from Russia, Ukraine and Kazakhstan to hold steady at 60.2 million tonnes in 2020/21. The three countries' combined 2020 wheat crop is forecast to rise 0.8% to 115.2 million tonnes, while EU output is expected to fall after dry spring weather.
Steady Black Sea supplies combined with a smaller EU crop keep competition for Africa and Middle East buyers manageable, so the price pressure is limited. A possible Russian export quota is the main risk to that outlook.
esmmagazine.comDayeeta DasJun 12, 2020After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.
