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Gleadell's David Sheppard says wheat prices rallied after a USDA report cut Russian crop estimates below 70 million tonnes, but gains were erased when Trump's China tariff threats resurfaced. Denmark's feed wheat exports are expected to fall sharply due to drought and lower plantings.
A smaller Russian crop would tighten global wheat supplies and lift prices, while trade tensions and reduced Danish availability add volatility for European feed buyers.
farming.co.ukJun 15, 2018After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% 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.
