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Euronext September milling wheat settled 0.5% higher at 358.50 euros a tonne on June 30, 2022, rebounding from a three-month low. Traders said an Egyptian GASC tender showed competitive offers of French wheat, while a weaker euro boosted export sentiment amid curbed Ukrainian and Russian supplies.
Competitive French offers into Egypt and a weaker euro improve EU export competitiveness, providing modest support to wheat prices as the new export season begins.
brecorder.comReutersJun 30, 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.
After 23 past trade events, Euro (USD per EUR) moved a median -0.4% over 5 sessions (43% higher; middle half -0.9% to +0.7%), 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.
