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An Exceed Grain Marketing wheat outlook report reviews recent Egyptian purchases, with GASC buying 465,000 metric tons at $232.03 to $233.78 C&F. The report also provides Saskatchewan bids and export price benchmarks.
Egypt's tender buying indicates firm import demand for wheat, which supports export values for origins competing for Egyptian business.
saskwheat.caNov 18, 2019After 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.
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.
It reports large Egyptian GASC purchases of 465,000 t dated 11/18, which indicates import demand and supports prices.
