# How long can Russia undercut U.S. wheat prices?

> Oct. 26 reports showed Egypt tendered for U.S. SRW wheat, but Russia undercut the U.S. C&F price on Oct. 30 and won the second Egyptian cargo. SRW and HRW prices had risen on the sale announcement and fell 12 cents after the loss.

- Date: 2018-11-01 · published 2018-11-01T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/62069-how-long-can-russia-undercut-u-s-wheat-prices
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Russian price competition in Egyptian tenders caps U.S. wheat export demand, keeping pressure on U.S. wheat values until freight or FOB spreads shift.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2023-09-25 | [Terrain \| Cheap Russian Wheat Puts Lid on U.S. Wheat Prices](https://feedsoft.ai/events/34145-terrain-cheap-russian-wheat-puts-lid-on-u-s-wheat-prices.md) | -6.7% | -5.8% |
| KWHEAT | 2022-12-07 | [Wheat prices touch 14-month low on surging Russian exports - Nikkei Asia](https://feedsoft.ai/events/6645-wheat-prices-touch-14-month-low-on-surging-russian-exports-nikkei-asia.md) | +4.4% | -0.7% |
| KWHEAT | 2021-02-02 | [Record wheat exports from Russia increases pressure on prices](https://feedsoft.ai/events/48490-record-wheat-exports-from-russia-increases-pressure-on-prices.md) | +2.3% | +0.3% |
| KWHEAT | 2018-06-29 | [Russian power in Asia's wheat market now includes Vietnam](https://feedsoft.ai/events/64576-russian-power-in-asia-s-wheat-market-now-includes-vietnam.md) | +8.6% | +17.5% |
| KWHEAT | 2023-09-25 | [Explainer: Why are Russian export prices roiling the wheat market? \| Reuters](https://feedsoft.ai/events/34139-explainer-why-are-russian-export-prices-roiling-the-wheat-market-reuters.md) | -6.7% | -5.8% |
| WHEAT | 2023-09-25 | [Terrain \| Cheap Russian Wheat Puts Lid on U.S. Wheat Prices](https://feedsoft.ai/events/34145-terrain-cheap-russian-wheat-puts-lid-on-u-s-wheat-prices.md) | -2.7% | -1.3% |
| WHEAT | 2022-12-07 | [Wheat prices touch 14-month low on surging Russian exports - Nikkei Asia](https://feedsoft.ai/events/6645-wheat-prices-touch-14-month-low-on-surging-russian-exports-nikkei-asia.md) | +10.0% | +8.7% |
| WHEAT | 2021-02-02 | [Record wheat exports from Russia increases pressure on prices](https://feedsoft.ai/events/48490-record-wheat-exports-from-russia-increases-pressure-on-prices.md) | +0.3% | +11.6% |

## Sources

- farmprogress.com: https://www.farmprogress.com/wheat/how-long-can-russia-undercut-u-s-wheat-prices-

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