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Russia's seaborne grain exports rose 39.5% year-on-year in November to 4.8 million metric tons, according to shipping data from industry sources. Black Sea terminals rose 51% and Baltic terminals 38.6%, while Caspian exports fell 38%.
Seaborne shipments for the season reached 27.6 million tons, up 7.08%.
Strong near-record Russian export pace adds supply to a world wheat market already weighed down by low global prices, which is bearish for wheat and feed grain values.
theins.newsOct 22, 2019After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% 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.
