◂ Event Timeline

Jun 21, 2019WEATHERRussia

Russian wheat exports forecast to decline

Russian wheat export forecasts were cut by IKAR and SovEkon on partial droughts. IKAR lowered its wheat export outlook to 36.5 million tonnes and SovEkon to 37.6 million.

Ukraine could overtake Russia as the largest grain exporter.

WHY IT MATTERS

Lower Russian export availability tightens global wheat supply, supporting wheat prices.

AFFECTSWheat (SRW)▲

SOURCE
world-grain.comSusan ReidyJun 21, 2019

Price reaction & history

Wheat (SRW)▲bullishSO FAR1d -0.0%5d +7.9%20d -3.0%

After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.

Jul 30, 2020Russian Wheat Export Tax Boosts Grain Prices-1.5%
Sep 11, 2018Drought lowers Australian grain forecast | 2018-09-11 | World Grain-7.4%
Jun 13, 2018Australia cuts wheat production forecast | World-grain.com | June 12, 2018 20:28 | World Grain-2.0%
May 15, 2019Australia considering first wheat imports in 12 years | 2019-05-15 | World Grain+11.2%
Jul 28, 2023Australia forecasts 34% decline in wheat production-0.1%

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.

Wheat (SRW) WHEAT · GP ▸

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