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Russia's wheat exports are up 23% year-to-date and are expected to reach a record 45 million tonnes in 2017-18, limited mainly by port and rail capacity. Analysts say Black Sea supplies are cheap and that Russian port and rail infrastructure is expanding.
Record Russian export supply and competitive Black Sea pricing put downward pressure on world wheat prices and undercut competing origins in import markets.
realagriculture.comKelvin HeppnerJan 25, 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.
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.
