# Tides May be Turning in the Global Wheat Trade

> Egypt's GASC bought 470,000 mt in its Oct. 26 tender, including one U.S. Gulf cargo, with most offers from Russia. A Thursday GASC tender for January delivery drew at least 17 offers, 11 from Russia, and the U.S. market was watching whether its wheat was returning to Egypt.

- Date: 2018-11-22 · published 2018-11-22T12:00:00.000Z
- Category: trade · region Egypt · magnitude low
- Page: https://feedsoft.ai/events/62071-tides-may-be-turning-in-the-global-wheat-trade
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Renewed U.S. participation in Egyptian tenders would signal export demand recovery and support U.S. wheat prices, though Russia still dominates offers.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-01-13 | [First rice, now wheat: India rides on global grain trade bandwagon \| India News - The Indian Express](https://feedsoft.ai/events/49098-first-rice-now-wheat-india-rides-on-global-grain-trade-bandwagon-india-news-the.md) | +1.4% | -4.7% |
| WHEAT | 2023-06-21 | [The Wheat Marketing Year in Review](https://feedsoft.ai/events/35528-the-wheat-marketing-year-in-review.md) | +9.4% | +0.6% |
| WHEAT | 2018-07-10 | [Global trade war to be a boon for Black Sea grain](https://feedsoft.ai/events/63884-global-trade-war-to-be-a-boon-for-black-sea-grain.md) | +2.2% | +8.4% |
| WHEAT | 2018-05-23 | [In the black: Asian flour mills turn to Black Sea region for wheat](https://feedsoft.ai/events/64881-in-the-black-asian-flour-mills-turn-to-black-sea-region-for-wheat.md) | -0.0% | -2.3% |
| WHEAT | 2020-12-01 | [Global Trade War a Boon for Black Sea Grain \| Feed & Grain](https://feedsoft.ai/events/49509-global-trade-war-a-boon-for-black-sea-grain-feed-and-grain.md) | +9.5% | +8.9% |
| KWHEAT | 2023-06-21 | [The Wheat Marketing Year in Review](https://feedsoft.ai/events/35528-the-wheat-marketing-year-in-review.md) | +0.2% | +3.7% |
| KWHEAT | 2019-12-07 | [The U.S. is competitive in the wheat export market](https://feedsoft.ai/events/55618-the-u-s-is-competitive-in-the-wheat-export-market.md) | +3.0% | +14.5% |
| KWHEAT | 2016-12-13 | [Futures up in week of wheat gains \| VIC](https://feedsoft.ai/events/73430-futures-up-in-week-of-wheat-gains-vic.md) | +4.2% | +8.6% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/canada-markets/blog-post/2018/11/22/tides-may-turning-global-wheat-trade

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