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Russian export wheat prices fell $1 to $207/t FOB for the first time since early September, according to IKAR, with SovEcon reporting a similar drop. Russian wheat was left out of Egypt's latest GASC tender, which analysts read as a sign prices were too high.
Lower Russian export offers reduce the premium for Black Sea wheat, which eases global wheat prices after a period of firmness.
zmp.deNov 5, 2019Not 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.
