# Weekly Wheat Wonders: An Unexpected Reversal | CZ app

> Wheat markets took a breather in the latest week as large importers stayed away and stockpiling eased. Russia said its April-June 7m tonne export quota is sold, Ukraine has exported 18.8m of its 20.2m tonne limit, and EU soft wheat exports reached 27.97m tonnes. Rain has fallen across most major growing areas, and attention is shifting to the new Northern Hemisphere crop.

- Date: 2020-04-30 · published 2020-04-30T12:00:00.000Z
- Category: market · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/53581-weekly-wheat-wonders-an-unexpected-reversal-cz-app
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Tight old-crop supplies in Europe and the Black Sea, with quotas nearly exhausted, support nearby wheat prices even as buying slows.

## Read by commodity

- WHEAT: neutral

## Sources

- czapp.com: https://www.czapp.com/analyst-insights/weekly-wheat-wonders-an-unexpected-reversal/

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