Loading…
Egypt's state buyer GASC purchased 120,000 tonnes of Russian wheat in a tender, in two 60,000-tonne consignments. Prices were about $223.50 a tonne c&f, or $208 FOB plus $15.50 freight.
Egypt is the world's largest wheat buyer, so steady purchases at firm Black Sea prices support wheat values and feed-grain alternatives.
marinelink.comMichelle HowardFeb 21, 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.
