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CBOT wheat traded to the top of its range and settled there after strong weekly U.S. export sales and a new sale of over 240,000 tonnes. Egypt's tender bought Black Sea wheat, while payment problems in Egypt delayed shipments and kept U.S. and EU traders out.
Solid export sales support wheat prices, but Egypt's payment troubles limit demand for some origins and add risk to trade flows.
stockandland.com.aumalcolm Bartholomaeus, Market AnalystDec 10, 2018Not 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.
