Loading…
Global wheat prices fell to a roughly 14-month low after larger-than-expected shipments from Russia, the world's largest wheat exporter. The decline has raised hopes of easing food cost pressures.
Surging Russian export volumes add supply to the global wheat market and pressure prices lower.
asia.nikkei.comYUJI YAMAMOTO, Nikkei staff writerDec 7, 2022After 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.
After 82 past bearish trade events, Wheat (HRW) moved a median -0.3% over 5 sessions (48% higher; middle half -2.8% to +1.9%), and +0.1% 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.
