Black Sea wheat prices rose on active purchases from importers and now exceed French wheat values. Chicago wheat recovered from a prior-week fall on speculative buying, while Statistics Canada cut its wheat production estimate to 34.1 million tonnes.
Strong Black Sea export demand lifts global wheat price floors and narrows the spread versus French origin, supporting feed wheat values for buyers.
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.
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.