Loading…
Euronext March milling wheat settled up 2.50 euros to 226.00 euros a tonne on Feb. 2, 2021, after an earlier one-week low.
A sale of 240,000 tonnes of French wheat to Egypt, part of a 480,000 tonne GASC tender, revived export sentiment.
Export sales to Egypt support European wheat prices, although Australian shipments to China and a weaker euro partly offset the gains.
brecorder.comReutersFeb 3, 2021After 431 past bullish trade events, WHEAT moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
After 23 past trade events, EURUSD moved a median -0.4% over 5 sessions (43% higher; middle half -0.9% to +0.7%), 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.
