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Egypt's GASC amended its wheat tender terms, capping demurrage at 12 days at $12,000 a day and raising sieving fees to $3 a tonne. It also relaxed protein minimums for several origins, including Russian, Romanian, Ukrainian, French, and US wheat.
Looser protein specifications widen the pool of eligible origins and may draw more supply to Egyptian tenders, while lower demurrage costs may bring back traders who had stopped bidding, supporting wheat demand.
world-grain.comArvin DonleyFeb 7, 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 20 past neutral trade events, Wheat (HRW) moved a median -0.7% over 5 sessions (30% higher; middle half -4.1% to +1.4%), and -4.0% 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.
