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Russia's grain exports are slowing due to tougher quality controls at ports after buyer complaints about falling crop standards, plus a stronger rouble. Traders report cargoes delayed 3 to 5 days, and Black Sea prices for Russian wheat rose $5 to $220 a tonne over two weeks.
Slower Russian shipments tighten near-term wheat export supply and support Black Sea wheat prices, which pulls global wheat values higher and supports feed grain alternatives.
maritimeprofessional.comPolina DevittSep 25, 2018After 431 past bullish trade events, WHEAT moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
After 102 past bullish trade events, KWHEAT moved a median 0.0% over 5 sessions (49% higher; middle half -2.0% to +3.5%), and -1.4% over 20.
After 480 past neutral trade events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
