
Iran announced zero-tariff import quotas for 3 million metric tons of wheat and 1.5 million tons of barley from Eurasian countries. Russia is expected to supply about 75% of the wheat quota, Kazakhstan 23%, and Belarus the remainder; FAO estimates Iran will import 3 million tons of wheat and 2.5 million tons of barley this year.
The quotas support demand for imported grain, with Russia and Kazakhstan positioned to supply most of Iran’s wheat needs. Increased buying could be supportive for wheat and barley export prices from those origins, although the stated quota exceeds the FAO estimate for barley imports.
After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
Not enough comparable past events yet for a historical read.
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.