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U.S. wheat export sales through January 4 were 8% behind last year's pace in volume at 19.5 MMT but 4% ahead in value at $4.72 billion. Sales to six of the top ten markets were ahead of last year, and HRW sales to Mexico rose 28%.
Stronger export values and steady buying from key markets support wheat prices, though lower volumes signal limited upside from demand alone.
uswheat.orgJan 11, 2018After 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.
After 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.
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.
