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Russia announced it has reached its self-imposed April-June grain export quota and will halt grain shipments after the last booked cargo leaves. Exports are set to resume on July 1 at the start of the new marketing season.
A halt in shipments by the world's largest wheat exporter removes a major supply source for Turkey, Egypt and Bangladesh, likely lifting global wheat prices and bolstering feed grain alternatives.
latifundist.comNews ServiceApr 14, 2020After 182 past bullish policy events, WHEAT 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, KWHEAT 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.
Not enough comparable past events yet for a historical read.
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.
