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Russian grain exports in the 2017-18 marketing year reached 39.17 million tonnes, nearly 40% higher year on year. Wheat exports rose 41% to 30.61 million tonnes and barley exports nearly doubled.
Large Russian export volumes increase global wheat and barley supply, which tends to weigh on world prices and gives feed buyers cheaper alternatives to corn.
world-grain.comArvin DonleyApr 3, 2018After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.
Not enough comparable past events yet for a historical read.
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.
