# Russia Taking Wheat Crown Recalls Communist-Era Dominance

> Russia has become the world's leading wheat exporter, overtaking the US in projected 2018 shipments. Former Soviet countries harvested 18% of the global wheat crop in 2017, while the US share fell to 6%, the lowest since 1960.

- Date: 2018-01-18 · published 2018-01-18T12:00:00.000Z
- Category: trade · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/66839-russia-taking-wheat-crown-recalls-communist-era-dominance
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Russia's rising export dominance shifts global wheat trade flows toward the Black Sea and reinforces a well-supplied wheat market that weighs on prices.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-01-29 | [Russia is strong competitor for wheat markets](https://feedsoft.ai/events/67027-russia-is-strong-competitor-for-wheat-markets.md) | +0.2% | +2.1% |
| WHEAT | 2017-06-19 | [Russia 2017/18 wheat exports seen at record, Ukraine down 18% – Customs Today Newspaper](https://feedsoft.ai/events/70335-russia-2017-18-wheat-exports-seen-at-record-ukraine-down-18-customs-today.md) | -0.7% | -1.2% |
| WHEAT | 2019-02-27 | [Russia could still export 4-5 million tons of wheat](https://feedsoft.ai/events/60447-russia-could-still-export-4-5-million-tons-of-wheat.md) | +1.3% | +5.4% |
| WHEAT | 2020-11-30 | [Wheat falls as Russia eases limits, Australia sees bumper crop \| Air Freight News](https://feedsoft.ai/events/50196-wheat-falls-as-russia-eases-limits-australia-sees-bumper-crop-air-freight-news.md) | -0.9% | +8.3% |
| WHEAT | 2020-11-13 | [Russia shipped 31% of overall wheat export potential](https://feedsoft.ai/events/50012-russia-shipped-31-of-overall-wheat-export-potential.md) | -2.7% | +4.2% |
| KWHEAT | 2018-01-29 | [Russia is strong competitor for wheat markets](https://feedsoft.ai/events/67027-russia-is-strong-competitor-for-wheat-markets.md) | +4.6% | +7.8% |
| KWHEAT | 2017-06-19 | [Russia 2017/18 wheat exports seen at record, Ukraine down 18% – Customs Today Newspaper](https://feedsoft.ai/events/70335-russia-2017-18-wheat-exports-seen-at-record-ukraine-down-18-customs-today.md) | -2.0% | +7.0% |
| KWHEAT | 2019-02-27 | [Russia could still export 4-5 million tons of wheat](https://feedsoft.ai/events/60447-russia-could-still-export-4-5-million-tons-of-wheat.md) | +1.9% | +1.7% |

## Sources

- themoscowtimes.com: https://www.themoscowtimes.com/2018/01/18/russia-taking-wheat-crown-recalls-communist-era-dominance-a60218

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.