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Argentina and Ukraine have changed wheat export policies, and Russia is considering similar steps. Ukraine set a 2018/19 export limit of 16.0 MMT, with milling wheat exports cut 20 percent year over year.
Export restrictions by major Black Sea and Argentine suppliers tighten global availability on top of weather-driven production losses, which supports higher wheat prices and buyer costs.
uswheat.orgSep 5, 2018After 182 past bullish policy events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.9% to +1.4%), and -0.3% over 20.
After 37 past bullish policy events, Wheat (HRW) moved a median -0.1% over 5 sessions (41% higher; middle half -3.4% to +2.0%), and -3.3% 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.
