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Algeria bought about 120,000 metric tonnes of U.S. hard red winter wheat in its biggest U.S. purchase in nine months. Brokers said U.S. low-protein wheat is now priced below French futures and competitive with Russian and Romanian wheat for Egypt.
A large export sale and improved competitiveness versus Black Sea and EU origins support U.S. wheat export demand and the outlook for low-protein HRW prices.
farmersweekly.co.nzLocal Democracy ReportingDec 13, 2017After 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.
