# GASC purchases 360k tonnes of wheat

> Egypt's GASC bought 360,000 tonnes of wheat, with 180,000 tonnes from France and 60,000 tonnes each from Romania, Russia and Ukraine. The lack of US participation in the tender pushed wheat futures to a seven-month low.

- Date: 2019-02-05 · published 2019-02-05T12:00:00.000Z
- Category: trade · region Egypt · magnitude medium
- Page: https://feedsoft.ai/events/6779-gasc-purchases-360k-tonnes-of-wheat
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Egyptian purchases from Black Sea and EU origins at lower prices indicate that non-US supply is capturing major import demand. This keeps US wheat futures under bearish pressure.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-04-24 | [US corn falls after China cancels purchases; drags wheat, soy lower](https://feedsoft.ai/events/10358-us-corn-falls-after-china-cancels-purchases-drags-wheat-soy-lower.md) | -8.3% | -10.0% |
| WHEAT | 2021-11-30 | [The collapse of world prices for wheat and corn has increased pressure on purchase prices in Ukraine 30.11.2021 - UkrAgroConsult](https://feedsoft.ai/events/11601-the-collapse-of-world-prices-for-wheat-and-corn-has-increased-pressure-on.md) | -1.0% | -3.4% |
| WHEAT | 2025-03-04 | [Wheat Posts Double Digit Losses on Tuesday](https://feedsoft.ai/events/8146-wheat-posts-double-digit-losses-on-tuesday.md) | +0.1% | +2.8% |
| WHEAT | 2025-02-05 | [China has delayed or redirected 600,000 tons of wheat imports, sources say](https://feedsoft.ai/events/26082-china-has-delayed-or-redirected-600-000-tons-of-wheat-imports-sources-say.md) | -0.7% | -4.1% |
| WHEAT | 2020-01-16 | [China's 'market condition' caveat on U.S. ag purchases adds to trade deal doubts](https://feedsoft.ai/events/54944-china-s-market-condition-caveat-on-u-s-ag-purchases-adds-to-trade-deal-doubts.md) | -0.2% | -5.3% |

## Sources

- enterpriseam.com: https://enterpriseam.com/egypt/2019/02/21/gasc-purchases-360k-tonnes-of-wheat/
- grainbrokers.com.au: https://www.grainbrokers.com.au/its-off-to-work-we-go/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.