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Russia and Ukraine said they would limit wheat exports during the pandemic, and Russia also reduced sunflower seed sales. US industry groups see the curbs as an opening for American wheat and sunflower sales to nervous buyers.
Export restrictions from Black Sea suppliers tighten global wheat availability and support prices, while US sales gains lift demand for US supplies.
agweek.comApr 28, 2020After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
After 102 past bullish trade events, Wheat (HRW) moved a median 0.0% over 5 sessions (49% higher; middle half -2.0% to +3.5%), and -1.4% 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.
