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Forecasts put Russian wheat exports for 2017/18 at a record 28.8 million tonnes, while Ukraine's fall to 14.6 million and Kazakhstan's reach 7 million. Combined CIS exports are seen falling 3.3% to 50.4 million tonnes, with regional wheat output down 7.5%.
Record Russian exports from high stocks offset a smaller regional crop, keeping Black Sea wheat competitively priced, about $10-15/t below European origin in summer delivery.
vaf.vnAug 31, 2017After 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.
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.
