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Euronext December milling wheat settled up 0.75 euro at 178 euros a tonne as Algeria issued a tender for January shipment of milling wheat. Tunisia also issued a tender for soft wheat, durum and feed barley, and Rouen physical premiums rose.
Algerian and Tunisian tenders add to western European export demand, though the Algerian purchase is seen as routine business for France and limits the upside.
themaghrebtimes.comTheMaghrebTimes.comNov 19, 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.
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.
