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SovEcon reported Russian grain exports of 15.7 million tons for July to October, up 26% year on year, with 13.5 million tons of that being wheat. Black Sea FOB wheat rose to $229 per ton from $225, and Egypt bought 180,000 tons of Russian wheat in a tender.
Slower Russian shipments and firmer Black Sea offers have been lifting global wheat prices, and continued strong Russian demand supports the upward trend.
russiabusinesstoday.comNovinar NovinarOct 9, 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.
Not 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.
