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An AEGIC report highlights Black Sea producers, led by Russia, using modern technology, low input costs, freight advantages and infrastructure investment to expand grain export volumes. Australian industry leaders call the Black Sea a present danger to Australian wheat market share.
Growing Black Sea export competition pressures world wheat prices and export share, particularly against Australian and other origins, and reinforces a bearish wheat supply outlook.
world-grain.comMichael KingNov 21, 2016After 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.
After 82 past bearish trade events, Wheat (HRW) moved a median -0.3% over 5 sessions (48% higher; middle half -2.8% to +1.9%), and +0.1% 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.
