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An Esperance farmer comments that Russia's growing grain production could compete with Australian wheat in South-East Asia and the Middle East. He says oversupply could put downward pressure on wheat prices, though farmers' planting decisions depend on many factors.
The article is an interview rather than a new market event.
Expectations of rising Russian exports can weigh on wheat sentiment and export pricing, though this commentary alone does not change current supply. Its impact on feed grain prices is limited.
countryman.com.auDorothy HendersonFeb 22, 2018Not 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.
