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SovEcon forecasts Russian grain exports of 49.4 million tonnes in 2019-20, up from 44 million in 2018-19, including 38.2 million tonnes of wheat. The Russian Agriculture Ministry separately projected 45 million tonnes of exports, including 36 million of wheat.
Higher Russian export availability adds competition in world wheat markets and is bearish for export prices, supporting cheaper feed wheat for buyers.
world-grain.comArvin DonleyMay 24, 2019After 375 past bearish trade events, WHEAT moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.
Not enough comparable past events yet for a historical read.
After 683 past bearish trade events, CORN moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.
