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Russia has expanded wheat acreage and yields, raising production to a projected 3.1 billion bushels in 2017/18 and lifting its share of world wheat exports to about 20%. Russia may also bring more land into crop production.
Russia's large export supply and growing share of world trade pressures global wheat prices and limits US export competitiveness.
farmprogress.comKim AndersonJan 29, 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.
