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Ukraine shipped 632.5k metric tons of wheat in September, about half of August's volume, because exports have been restricted since Russia cancelled the Black Sea Trade Corridor. The weekly Sask Wheat outlook also reviewed world wheat fundamentals and benchmark prices at Saskatchewan elevators and Vancouver export positions.
Restricted Black Sea shipments reduce Ukrainian export availability and keep risk premiums in world wheat prices. The net price effect depends on how exports recover against ample supplies elsewhere.
saskwheat.caOct 2, 2023After 38 past neutral geopolitics events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.6% to +1.5%), and +0.8% 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.
