Turkey's 500,000 t Wheat Export Tender Pressures Black Sea Prices

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 23, 2025Russia’s wheat exports from Black Sea ports fall to 460kt-0.2%
• Feb 2, 2021Record wheat exports from Russia increases pressure on prices+0.3%
• Jun 16, 2021Black Sea Wheat Exports To Grow 5% In 2021/22 | ESM Magazine-8.0%
• May 14, 2019Increasing Black Sea exports are influencing price+11.5%
• Jan 31, 2023Ukraine’s wheat and corn exports recover under Black Sea Grain Initiative | Economic Research Service+2.2%

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.

• Feb 2, 2021Record wheat exports from Russia increases pressure on prices+2.3%
• Aug 22, 2019Black Sea wheat price converted to Oklahoma and Texas: $3.49+1.6%
• Jul 16, 2025Black Sea Exports – News – SSY+1.8%
• Sep 25, 2023Explainer: Why are Russian export prices roiling the wheat market? | Reuters-6.7%
• Nov 9, 2022Wheat prices continue to fall amid USDA report and cancellation of tender in Egypt+1.8%