# Russia is strong competitor for wheat markets

> 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.

- Date: 2018-01-29 · published 2018-01-29T12:00:00.000Z
- Category: trade · region Russia · magnitude low
- Page: https://feedsoft.ai/events/67027-russia-is-strong-competitor-for-wheat-markets
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Russia's large export supply and growing share of world trade pressures global wheat prices and limits US export competitiveness.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-02-20 | [Russia, EU to vie for top spot in key wheat markets in 2017/18 – Customs Today Newspaper](https://feedsoft.ai/events/72431-russia-eu-to-vie-for-top-spot-in-key-wheat-markets-in-2017-18-customs-today.md) | -0.7% | +0.2% |
| WHEAT | 2018-01-25 | [Wheat School: Railways, Russia, and wheat markets in 2018 - RealAgriculture](https://feedsoft.ai/events/66835-wheat-school-railways-russia-and-wheat-markets-in-2018-realagriculture.md) | +0.7% | +2.2% |
| WHEAT | 2019-02-23 | [Wheat Markets Continue to Sell Off](https://feedsoft.ai/events/6773-wheat-markets-continue-to-sell-off.md) | -3.6% | +0.5% |
| WHEAT | 2024-07-09 | [Russia posts record wheat exports for 2023-24, plus structural changes for importers and exporters - Fastmarkets](https://feedsoft.ai/events/14286-russia-posts-record-wheat-exports-for-2023-24-plus-structural-changes-for.md) | -4.0% | -2.8% |
| WHEAT | 2018-06-29 | [Russian power in Asia's wheat market now includes Vietnam](https://feedsoft.ai/events/64576-russian-power-in-asia-s-wheat-market-now-includes-vietnam.md) | -3.9% | +0.6% |
| KWHEAT | 2017-02-20 | [Russia, EU to vie for top spot in key wheat markets in 2017/18 – Customs Today Newspaper](https://feedsoft.ai/events/72431-russia-eu-to-vie-for-top-spot-in-key-wheat-markets-in-2017-18-customs-today.md) | -2.7% | -2.4% |
| KWHEAT | 2018-01-25 | [Wheat School: Railways, Russia, and wheat markets in 2018 - RealAgriculture](https://feedsoft.ai/events/66835-wheat-school-railways-russia-and-wheat-markets-in-2018-realagriculture.md) | +7.9% | +8.7% |
| KWHEAT | 2018-06-29 | [Russian power in Asia's wheat market now includes Vietnam](https://feedsoft.ai/events/64576-russian-power-in-asia-s-wheat-market-now-includes-vietnam.md) | +8.6% | +17.5% |

## Sources

- farmprogress.com: https://www.farmprogress.com/wheat/russia-is-the-bear-in-the-china-shop

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