# Russian factor rallies futures | Farm Online | ACT

> CBOT wheat rallied in the week to May 22 after a forecast cut Russia's 2020 grain crop by 5 million tonnes to 120 million tonnes. A weaker rouble also made Russian wheat dearer and speculation grew that Russia would extend export quotas. Dry conditions in southern Russia and Ukraine were noted but largely shrugged off.

- Date: 2020-05-25 · published 2020-05-25T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/53170-russian-factor-rallies-futures-farm-online-act
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

A smaller Russian crop and possible export quota extensions tighten Black Sea wheat supply, supporting global wheat prices. Feed buyers may face higher wheat costs as a substitute in rations.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-02-10 | [U.S. Wheat Futures Jump on Ukraine, Russia Shipment Concerns](https://feedsoft.ai/events/37376-u-s-wheat-futures-jump-on-ukraine-russia-shipment-concerns.md) | -2.5% | -9.0% |
| WHEAT | 2024-05-20 | [Wheat Futures Surge on Russian Crop Worries -- Daily Grain Highlights](https://feedsoft.ai/events/4597-wheat-futures-surge-on-russian-crop-worries-daily-grain-highlights.md) | +19.7% | +8.5% |
| WHEAT | 2026-09-02 | [Australian farmers: Black Sea war offers wheat market opportunity \| Farm Online \| ACT](https://feedsoft.ai/events/17450-australian-farmers-black-sea-war-offers-wheat-market-opportunity-farm-online-act.md) | +1.0% | +0.0% |
| WHEAT | 2022-03-30 | [Failing Ukrainian, Russian peace talks drive up grain futures - Brownfield Ag News](https://feedsoft.ai/events/42373-failing-ukrainian-russian-peace-talks-drive-up-grain-futures-brownfield-ag-news.md) | -7.8% | -3.0% |
| WHEAT | 2018-11-27 | [Ukraine says grain shipments may fall on more Russian naval aggression](https://feedsoft.ai/events/61915-ukraine-says-grain-shipments-may-fall-on-more-russian-naval-aggression.md) | +1.5% | +2.7% |
| CORN | 2023-02-10 | [U.S. Wheat Futures Jump on Ukraine, Russia Shipment Concerns](https://feedsoft.ai/events/37376-u-s-wheat-futures-jump-on-ukraine-russia-shipment-concerns.md) | -0.6% | -6.0% |
| CORN | 2024-05-20 | [Wheat Futures Surge on Russian Crop Worries -- Daily Grain Highlights](https://feedsoft.ai/events/4597-wheat-futures-surge-on-russian-crop-worries-daily-grain-highlights.md) | +1.9% | +5.4% |
| CORN | 2022-03-30 | [Failing Ukrainian, Russian peace talks drive up grain futures - Brownfield Ag News](https://feedsoft.ai/events/42373-failing-ukrainian-russian-peace-talks-drive-up-grain-futures-brownfield-ag-news.md) | +5.4% | +6.9% |

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/6768404/russian-factor-rallies-futures/

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