# Strong US export sales drive grain rally | VIC

> 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.

- Date: 2018-12-10 · published 2018-12-10T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/61621-strong-us-export-sales-drive-grain-rally-vic
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Solid export sales support wheat prices, but Egypt's payment troubles limit demand for some origins and add risk to trade flows.

## Read by commodity

- WHEAT: bullish ▲

## Sources

- stockandland.com.au: https://www.stockandland.com.au/story/5804332/us-export-sales-drive-rally/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.