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A Reuters survey expects wheat exports from Russia, Ukraine and Kazakhstan to remain stable at 60.2 million tons in the 2020/21 season starting July 1. The three countries' harvest is estimated at 115.2 million tons, up 0.8%, while the EU harvest is likely to be smaller.
Stable Black Sea export volumes alongside a smaller EU crop limit upside for wheat prices in Africa and the Middle East. Possible Russian export quotas remain the key risk.
zmp.deJun 12, 2020After 406 past neutral report events, WHEAT 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.
