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Irish wheat and barley prices gained as international markets rallied on Russia's plan to set a 20 million tonne January-June grain export quota. USDA's WASDE showed the US 2020 winter wheat area may be the smallest since 1910, pushing Chicago wheat to a one-and-a-half-year high.
Russian export restrictions and a shrinking US winter wheat area support higher global wheat prices, lifting feed grain costs in Europe.
farmersjournal.ieStephen RobbJan 15, 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.
Not enough comparable past events yet for a historical read.
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.
