# Keeping Canada competitive in the international grain trade

> A Canadian grain columnist says Russia's grain output has grown 70 percent in ten years to 94.5 million tonnes and that Russia is set to overtake the EU as the top wheat exporter. He also notes Black Sea exports exceed 80 million tonnes per year and that South American beans are gaining easier port access.

- Date: 2017-02-08 · published 2017-02-08T12:00:00.000Z
- Category: macro · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/72454-keeping-canada-competitive-in-the-international-grain-trade
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Growing Black Sea export capacity adds supply competition for wheat and feed grains, which is generally bearish for world wheat and corn prices over time.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-08-14 | [Regional Review: Tapping into the CIS’ vast agricultural potential  \| World-grain.com \| August 14, 2017 18:34 \| World Grain](https://feedsoft.ai/events/69294-regional-review-tapping-into-the-cis-vast-agricultural-potential-world-grain.md) | +0.4% | -0.1% |
| WHEAT | 2019-01-21 | [Ukraine: Breadbasket or basket case? \| Global Trade Review (GTR)](https://feedsoft.ai/events/60950-ukraine-breadbasket-or-basket-case-global-trade-review-gtr.md) | +3.3% | +2.1% |
| WHEAT | 2022-06-23 | [Recession worries trigger grains selloff – The Seam](https://feedsoft.ai/events/12700-recession-worries-trigger-grains-selloff-the-seam.md) | +1.7% | -4.4% |
| WHEAT | 2017-05-18 | [U.S. grains: Soybeans fall as Brazilian currency dives - AgCanada](https://feedsoft.ai/events/7583-u-s-grains-soybeans-fall-as-brazilian-currency-dives-agcanada.md) | +3.0% | +1.9% |
| WHEAT | 2022-06-20 | [Selling trend picks up in commodity markets](https://feedsoft.ai/events/40852-selling-trend-picks-up-in-commodity-markets.md) | -2.9% | -14.0% |
| CORN | 2022-09-28 | [Fresh from the Trading Room - CME Group](https://feedsoft.ai/events/39715-fresh-from-the-trading-room-cme-group.md) | +1.9% | +4.4% |
| CORN | 2023-09-29 | [China Brief 97 \| China's recovery stalls, Canada-India tensions and trade, and a change to China Brief Canada West FoundationCanada West Foundation](https://feedsoft.ai/events/34055-china-brief-97-china-s-recovery-stalls-canada-india-tensions-and-trade-and-a.md) | +1.9% | +0.9% |
| CORN | 2017-06-26 | [Slumping Commodity Prices Pressure the Brazilian Real in 2Q17](https://feedsoft.ai/events/70712-slumping-commodity-prices-pressure-the-brazilian-real-in-2q17.md) | +3.2% | +4.3% |

## Sources

- grainews.ca: https://www.grainews.ca/columns/keeping-canada-competitive-in-the-international-grain-trade/

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