◂ Event Timeline

Aug 6, 2019TRADEEgypt

Egypt's GASC buys 415,000 T of Russian, Romanian and Ukrainian wheat - traders

Egypt's GASC bought 415,000 tonnes of Russian, Romanian and Ukrainian wheat at an international tender for September 5-15 shipment. Prices were around $217-220/t cost and freight, with the purchase split among several traders.

WHY IT MATTERS

A sizeable Egyptian purchase supports Black Sea wheat export demand and confirms current price levels near $220/t C&F. The purchase is routine for Egypt's tender program and has limited effect on overall prices.

AFFECTSWheat (SRW)▲

SOURCE
zawya.comNadine Awadalla, Michael HoganAug 6, 2019

Price reaction & history

Wheat (SRW)▲bullishSO FAR1d -0.4%5d +0.1%20d -3.0%

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.

Dec 7, 2018Egypt's GASC buys 350,000 tonnes of wheat: traders - Economy - Business - Ahram Online+1.9%
Feb 21, 2018Egypt's GASC Buys 120,000 Tonnes Wheat In Tender+0.4%
Sep 26, 2017Romanian wheat cargo to Egypt sieved, grain trade sceptical | Amwal Al Ghad+5.8%
Jun 12, 2019Egypt's GASC receives offers in wheat tender | Amwal Al Ghad-5.3%
Oct 28, 2026Tunisia buys estimated 100,000 tons wheat and 100,000 tons feed barley in tender, traders say | MarketScreener UAE Emirates+0.2%

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.

Wheat (SRW) WHEAT · GP ▸

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