# Potential For Wheat Breakout? » Trilateral - Perspectives You Can Price On

> Trilateral reports that wheat could break out to the upside as Russian and Ukrainian prices rise. Russia's Agriculture Ministry asked ports for weekly grain export data and cut its wheat export estimate to 36 million tonnes, while SovEcon sees January exports falling sharply.

- Date: 2019-01-28 · published 2019-01-28T12:00:00.000Z
- Category: policy · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/61017-potential-for-wheat-breakout-trilateral-perspectives-you-can-price-on
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Russian export controls and smaller export availability tighten Black Sea supply, lifting world wheat prices and making U.S. HRW more competitive for importers.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-05-17 | [Global Wheat Prices Outlook For Australian Growers](https://feedsoft.ai/events/41375-global-wheat-prices-outlook-for-australian-growers.md) | -2.8% | -3.7% |
| WHEAT | 2023-04-21 | [Russian wheat trade falls silent as price floor leaves market 'broken'](https://feedsoft.ai/events/36463-russian-wheat-trade-falls-silent-as-price-floor-leaves-market-broken.md) | -8.6% | -9.9% |
| WHEAT | 2024-10-11 | [Exclusive: Russia sets price floor for wheat at international tenders, sources say](https://feedsoft.ai/events/27907-exclusive-russia-sets-price-floor-for-wheat-at-international-tenders-sources-say.md) | -0.5% | -1.5% |
| WHEAT | 2024-05-07 | [INDIA ELECTIONS: Restrictive steps for wheat, rice exports may persist amid sticky inflation \| S&P Global](https://feedsoft.ai/events/30206-india-elections-restrictive-steps-for-wheat-rice-exports-may-persist-amid.md) | +1.7% | +6.7% |
| WHEAT | 2020-12-30 | [Commodities 2021: Bullish expectations for 2021 Black Sea wheat prices \| S&P Global](https://feedsoft.ai/events/49512-commodities-2021-bullish-expectations-for-2021-black-sea-wheat-prices-s-and-p.md) | +5.0% | +11.6% |
| KWHEAT | 2022-05-17 | [Global Wheat Prices Outlook For Australian Growers](https://feedsoft.ai/events/41375-global-wheat-prices-outlook-for-australian-growers.md) | -5.6% | -15.5% |
| KWHEAT | 2023-04-21 | [Russian wheat trade falls silent as price floor leaves market 'broken'](https://feedsoft.ai/events/36463-russian-wheat-trade-falls-silent-as-price-floor-leaves-market-broken.md) | -7.3% | +2.0% |
| KWHEAT | 2024-10-11 | [Exclusive: Russia sets price floor for wheat at international tenders, sources say](https://feedsoft.ai/events/27907-exclusive-russia-sets-price-floor-for-wheat-at-international-tenders-sources-say.md) | -2.5% | -6.9% |

## Sources

- trilatinc.com: https://www.trilatinc.com/potential-wheat-breakout/

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