# Farming News - US, European prices recover on the news that Russia are likely to curb wheat exports, global production of rapeseed is down

> Chicago wheat recovered a $10/t weekly loss after news that Russia's agriculture ministry will meet grain exporters on Sept 3. European and UK prices followed the upward trend. Egypt bought Russian wheat for October shipment, and a 1mln t Russian tender offer was noted.

- Date: 2018-08-31 · published 2018-08-31T12:00:00.000Z
- Category: geopolitics · region Russia · magnitude medium
- Page: https://feedsoft.ai/events/63569-farming-news-us-european-prices-recover-on-the-news-that-russia-are-likely-to
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Expectations of Russian export curbs, and the likely timing in early October, support wheat prices and could redirect importers toward other origins.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2026-07-17 | [Wheat prices surge as export disruption rattles markets — Hectare Trading \| The online marketplace for crops](https://feedsoft.ai/events/9561-wheat-prices-surge-as-export-disruption-rattles-markets-hectare-trading-the.md) | +6.0% | +0.6% |
| KWHEAT | 2022-10-31 | [Wheat futures jump, hitting record high in Sydney, after Russia exits Black Sea deal - Grain Price News](https://feedsoft.ai/events/39157-wheat-futures-jump-hitting-record-high-in-sydney-after-russia-exits-black-sea.md) | +3.1% | -2.2% |
| KWHEAT | 2022-01-31 | [Russia-Ukraine Tensions Drive Global Wheat Prices Higher](https://feedsoft.ai/events/43173-russia-ukraine-tensions-drive-global-wheat-prices-higher.md) | -2.1% | +18.9% |
| KWHEAT | 2022-09-30 | [Rabo ups wheat price forecasts amid Ukraine export fears, lifts robusta hopes too - Grain Price News](https://feedsoft.ai/events/39632-rabo-ups-wheat-price-forecasts-amid-ukraine-export-fears-lifts-robusta-hopes.md) | -0.2% | -3.6% |
| KWHEAT | 2018-08-29 | [U.S. grains: Wheat soars on new rumours of Russian export curbs - Manitoba Co-operator](https://feedsoft.ai/events/63567-u-s-grains-wheat-soars-on-new-rumours-of-russian-export-curbs-manitoba-co.md) | +0.5% | +4.4% |
| WHEAT | 2026-07-17 | [Wheat prices surge as export disruption rattles markets — Hectare Trading \| The online marketplace for crops](https://feedsoft.ai/events/9561-wheat-prices-surge-as-export-disruption-rattles-markets-hectare-trading-the.md) | +3.8% | +0.1% |
| WHEAT | 2022-06-16 | [Russia’s invasion of Ukraine puts additional strain on global food production chain](https://feedsoft.ai/events/40881-russia-s-invasion-of-ukraine-puts-additional-strain-on-global-food-production.md) | -2.3% | -13.8% |
| WHEAT | 2022-10-31 | [Wheat futures jump, hitting record high in Sydney, after Russia exits Black Sea deal - Grain Price News](https://feedsoft.ai/events/39157-wheat-futures-jump-hitting-record-high-in-sydney-after-russia-exits-black-sea.md) | -5.6% | +2.4% |

## Sources

- farming.co.uk: https://farming.co.uk/news/us-european-prices-recover-on-the-news-that-russia-are-likely-to-curb-wheat-exports-global-production-of-rapeseed-is-down

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