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Lanworth's summer 2018 outlook attributes record Russian and Ukrainian grain output to rising yields, investment and favorable weather. Russia produced about 85 million tonnes of wheat and Ukraine 27 million tonnes in 2017/18.
Continued large Black Sea output keeps global wheat supply ample, which weighs on wheat prices unless weather problems emerge.
zmp.deMay 2, 2018After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% 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.
