Wheat Price Tumbles as Russian Discounts Force Reductions

After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.

• Sep 25, 2023Terrain | Cheap Russian Wheat Puts Lid on U.S. Wheat Prices-2.7%
• Nov 1, 2018How long can Russia undercut U.S. wheat prices?-3.7%
• Nov 20, 2018Wheat price held hostage to pace of Russian exports - Farmers Weekly-0.7%
• Dec 7, 2022Wheat prices touch 14-month low on surging Russian exports - Nikkei Asia+10.0%
• Sep 25, 2023Explainer: Why are Russian export prices roiling the wheat market? | Reuters-2.7%

After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.

• Sep 25, 2023Terrain | Cheap Russian Wheat Puts Lid on U.S. Wheat Prices-0.3%
• Feb 26, 2018Tops in Wheat, Russia Moves Up as a Feed Grain Exporter+1.8%
• Nov 27, 2018IGC Data Shows U.S. Wheat Prices in a Rare Position - U.S. Wheat Associates+8.3%
• Oct 20, 2024Dry weather and Russian export concerns lift wheat - Markets - Business Recorder+1.5%
• Jul 22, 2018Tariffs and Commodity Prices: Impacts and Reactions - Farm Policy News-2.2%