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Egypt's wheat tender drew only limited offers as traders avoid Russian grain and Ukrainian ports are closed. Some Russian vessels are still departing on existing contracts, but new deals are largely frozen.
Russia and Ukraine supply over a quarter of global wheat trade and nearly a fifth of corn, so the stalled flows push importers to alternative origins and support global grain prices.
gcaptain.comBloombergFeb 27, 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 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), 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.
