# Russian dominance over world wheat markets slows - Farmers Weekly

> A Cofco UK trading director says Russia's record export pace has finally slowed, with 24 million tonnes shipped in the first half of the season and domestic Russian prices rising. He argues EU and US wheat are too late to capture the gap, with Russia still having about 12 million tonnes of its 36 million tonne export surplus to ship.

- Date: 2019-02-13 · published 2019-02-13T12:00:00.000Z
- Category: trade · region Russia · magnitude low
- Page: https://feedsoft.ai/events/60537-russian-dominance-over-world-wheat-markets-slows-farmers-weekly
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Slowing Russian exports leave room for EU and US wheat, but ample Russian supplies and strong competition cap any sustained price rally.

## Read by commodity

- WHEAT: neutral
- KWHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-01-21 | [Russian wheat market dominance grows - Milling and Grain](https://feedsoft.ai/events/61151-russian-wheat-market-dominance-grows-milling-and-grain.md) | +3.3% | +2.1% |
| WHEAT | 2019-02-01 | [How Russia and Ukraine took over the wheat market](https://feedsoft.ai/events/60647-how-russia-and-ukraine-took-over-the-wheat-market.md) | -1.2% | -6.2% |
| WHEAT | 2023-03-01 | [Wheat recovers from 2021 lows; Black Sea grain in focus - Markets - Business Recorder](https://feedsoft.ai/events/36896-wheat-recovers-from-2021-lows-black-sea-grain-in-focus-markets-business-recorder.md) | -1.6% | +5.1% |
| WHEAT | 2020-01-28 | [New oat, wheat markets debut in Iowa \| Farm Progress](https://feedsoft.ai/events/55132-new-oat-wheat-markets-debut-in-iowa-farm-progress.md) | -0.5% | +2.7% |
| WHEAT | 2019-03-07 | [U.S. Wheat Farmers See Opportunity for Growth in Southeast Asia Markets - U.S. Wheat Associates](https://feedsoft.ai/events/60146-u-s-wheat-farmers-see-opportunity-for-growth-in-southeast-asia-markets-u-s.md) | -0.0% | -1.3% |
| KWHEAT | 2019-02-01 | [How Russia and Ukraine took over the wheat market](https://feedsoft.ai/events/60647-how-russia-and-ukraine-took-over-the-wheat-market.md) | -0.6% | -11.7% |
| KWHEAT | 2023-12-15 | [Strong export demand boosts wheat, corn performance - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/9994-strong-export-demand-boosts-wheat-corn-performance-agweek-1-source-for.md) | 0.0% | -4.0% |
| KWHEAT | 2023-11-02 | [Ag Market Update: Wheat Prices Drop, China Becomes Top Wheat Importer, and Soybean Complex Dynamics - IASG](https://feedsoft.ai/events/33221-ag-market-update-wheat-prices-drop-china-becomes-top-wheat-importer-and-soybean.md) | +2.3% | +0.5% |

## Sources

- fwi.co.uk: https://www.fwi.co.uk/business/markets-and-trends/crop-prices/russian-dominance-over-world-wheat-markets-slows

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.