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Wheat futures fell 5.4-9% in a week as forecasts of a good harvest in major exporting countries were confirmed and the Middle East war premium faded. In Ukraine, export prices rose by 50-100 UAH/t on the back of a stronger dollar and importer tenders.
Egypt's Mostakbal Misr bought 400,000-600,000 tonnes of Black Sea wheat for July-August at $250-258/t C&F.
Falling exchange-traded prices mean lower global benchmarks, but firm Black Sea export tenders show regional physical demand is holding. Buyers should expect spread widening between futures and Black Sea cash.
ukragroconsult.comJun 26, 2025Not 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.
