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Egypt's state grain buyer GASC bought 350,000 tonnes of wheat in an international tender, according to traders. The purchase included 290,000 tonnes of Russian and 60,000 tonnes of Ukrainian wheat, priced at about $252 to $254 per tonne delivered, for January 21-31 shipment.
Egypt's steady purchasing supports Black Sea wheat export demand and firms the wheat price floor, though the volume is modest relative to global trade.
english.ahram.org.egDec 7, 2018After 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.
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.
