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Botswana's Agricultural Marketing Board says its strategic reserves hold only about one month's supply of sorghum, 5,000 metric tons, and it is seeking international suppliers. Local millers warn that wheat-based product prices will rise because of the Ukraine conflict.
Import demand from a small market adds limited pull on world sorghum supplies. Wider wheat cost pressure is noted but the volumes are too small to move global prices.
thegazette.newsAdminMar 16, 2022Not enough comparable past events yet for a historical read.
After 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.
