Loading…
Russia, Ukraine and Kazakhstan have adopted protectionist grain export restrictions during the COVID-19 pandemic. Russian domestic wheat prices reached a record 13,300 rubles per tonne as farmers held grain amid a weak ruble.
Coordinated export curbs by major Black Sea suppliers tighten global wheat availability and raise import costs for buyers in the Middle East and North Africa.
world-grain.comVladislav VorotnikovApr 27, 2020After 182 past bullish policy events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.9% to +1.4%), and -0.3% over 20.
After 37 past bullish policy events, Wheat (HRW) moved a median -0.1% over 5 sessions (41% higher; middle half -3.4% to +2.0%), and -3.3% over 20.
After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% 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.
