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Egypt has ordered 1 million tons of French wheat, according to AgFlow. The French Agriculture Ministry estimates the 2022 soft wheat crop at about 30.5 million tons, 7% below 2021, and expects non-EU exports to rise 17% to 10.3 million tons.
A large purchase by Egypt, a major importer, supports European wheat export demand and firm prices, while a smaller French crop keeps supplies tighter.
ukragroconsult.comSep 23, 2022After 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.
