Loading…
Egypt's GASC tender bought Romanian, Russian and US wheat, with Russian wheat at about $250/t C&F and US SRW at about $254/t C&F. Romanian wheat was bought at roughly $254/t C&F, and Paris milling wheat rose 1.5 euros per tonne after the result.
Traders also noted French wheat's return to China and upcoming tenders in Tunisia and Morocco.
Competitive purchases from the US and EU, which gain share against Russia's dominant exports, support wheat prices and signal stronger import demand. Upcoming tenders in North Africa could extend that support.
graintrade.com.uaNov 23, 2018After 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.
