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Egypt's GASC received offers in its first wheat tender in two months, with the lowest offer at $196.90 per tonne FOB for 60,000 tonnes of Russian wheat. GASC had removed demurrage penalties and adjusted grade rules for Ukrainian wheat.
Egypt, a major state wheat buyer, returning to the market with a competitive low offer supports Black Sea wheat export demand and gives a price reference for global wheat.
en.amwalalghad.comAmwal Al Ghad EnglishJun 12, 2019After 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.
