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Rusagrotrans lowered its forecast for Russia's 2016-17 grain exports to 35.3 million tons from 36 million. It cut its barley export forecast to 2.8 million tons and raised corn to 4.9 million.
New-crop wheat for August shipment is quoted at $170-173 per ton.
A smaller Russian export program reduces supply to global buyers and supports wheat, barley and corn prices. The lower barley forecast tightens feed grain supply.
grainsprices.comGate.BGApr 25, 2017After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), 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.
