Loading…
Egypt, Israel, Oman, Nigeria and South Africa have asked India for wheat, and India is also approaching buyers such as Turkey, Azerbaijan and Sudan. Officials say the government is working with railways and port authorities to speed up shipments, and India is less than 1% of global wheat exports.
Multiple importers turning to India to replace Black Sea wheat supports global wheat prices, although India's small share of world exports limits how much supply it can add quickly.
ukragroconsult.comMar 21, 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 102 past bullish trade events, Wheat (HRW) moved a median 0.0% over 5 sessions (49% higher; middle half -2.0% to +3.5%), and -1.4% 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.
