# Russia, EU to vie for top spot in key wheat markets in 2017/18 – Customs Today Newspaper

> Analysts expect Russia and the EU to compete closely for the top wheat exporter spot in the 2017/18 marketing season starting July 1, with Strategie Grains forecasting Russian exports at 29.6 million tonnes and EU exports at 28.6 million tonnes. Russia's wheat stocks are projected to reach a record 12-13 million tonnes by July.

- Date: 2017-02-20 · published 2017-02-20T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/72431-russia-eu-to-vie-for-top-spot-in-key-wheat-markets-in-2017-18-customs-today
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Strong competition from Russia, the EU and Australia points to ample export supply, which analysts say could push world wheat prices lower into late summer if weather stays normal.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-06-19 | [Russia 2017/18 wheat exports seen at record, Ukraine down 18% – Customs Today Newspaper](https://feedsoft.ai/events/70335-russia-2017-18-wheat-exports-seen-at-record-ukraine-down-18-customs-today.md) | -0.7% | -1.2% |
| WHEAT | 2016-12-22 | [Grain exports from Russia down 1.8% – Customs Today Newspaper](https://feedsoft.ai/events/73347-grain-exports-from-russia-down-1-8-customs-today-newspaper.md) | +0.2% | +2.9% |
| WHEAT | 2018-01-29 | [Russia is strong competitor for wheat markets](https://feedsoft.ai/events/67027-russia-is-strong-competitor-for-wheat-markets.md) | +0.2% | +2.1% |
| WHEAT | 2018-01-29 | [French wheat export target at risk as competition bites – Customs Today Newspaper](https://feedsoft.ai/events/66933-french-wheat-export-target-at-risk-as-competition-bites-customs-today-newspaper.md) | +0.2% | +2.1% |
| WHEAT | 2018-06-29 | [Russian power in Asia's wheat market now includes Vietnam](https://feedsoft.ai/events/64576-russian-power-in-asia-s-wheat-market-now-includes-vietnam.md) | -3.9% | +0.6% |
| KWHEAT | 2017-06-19 | [Russia 2017/18 wheat exports seen at record, Ukraine down 18% – Customs Today Newspaper](https://feedsoft.ai/events/70335-russia-2017-18-wheat-exports-seen-at-record-ukraine-down-18-customs-today.md) | -2.0% | +7.0% |
| KWHEAT | 2018-01-29 | [Russia is strong competitor for wheat markets](https://feedsoft.ai/events/67027-russia-is-strong-competitor-for-wheat-markets.md) | +4.6% | +7.8% |
| KWHEAT | 2018-06-29 | [Russian power in Asia's wheat market now includes Vietnam](https://feedsoft.ai/events/64576-russian-power-in-asia-s-wheat-market-now-includes-vietnam.md) | +8.6% | +17.5% |

## Sources

- customstoday.media: https://customstoday.media/russia-eu-to-vie-for-top-spot-in-key-wheat-markets-in-201718/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.