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European and Black Sea wheat quotes rose after a Pakistani TSR tender for 640,000 tonnes drew Russian offers at about $377/t CFR. Algeria also bought 500-550 thousand tonnes, and EU exports are running 37% above last year's pace.
December Paris wheat futures closed near 256 euros per tonne.
Active import tenders and strong EU and Black Sea export flows tighten nearby supply and lift export prices. Feed wheat buyers should expect firmer European and Black Sea wheat values.
graintrade.com.uaSep 30, 2021After 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.
Not enough comparable past events yet for a historical read.
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.
