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The International Grains Council reported that wheat export prices weakened earlier in the season on large supplies, then firmed on poor US winter wheat weather. HRW Gulf export values rose $5 to $225 a tonne while SRW fell to $181.
Global wheat supplies remain well stocked, which limits price gains even as US weather concerns build. Currency shifts continue to affect export competitiveness among origins.
world-grain.comChris LyddonApr 2, 2018After 406 past neutral report events, WHEAT moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% over 20.
After 180 past bullish report events, KWHEAT moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.7%), and -0.6% 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.
