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Russia exported a record 5.1 million tonnes of grain in September, including 4.2 million tonnes of wheat. Japan bought US and Canadian wheat and announced a tender for 120,000 tonnes of wheat and 200,000 tonnes of feed barley, and Australia's wheat crop was cut to 20.15 million tonnes by Reuters research.
Record Russian exports add supply pressure, while Japanese tenders and a smaller Australian crop support wheat and barley prices. The net effect is mixed for global wheat values.
grainsprices.comGate.BGOct 6, 2017After 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), and +0.5% over 20.
Not 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.
