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Russian wheat and barley export prices rose last week on strong demand from Egypt and Saudi Arabia. Russian wheat (12.5% protein) FOB was $193/t, up $2, and barley rose $2.5 to $189.5/t.
Russia had exported 12.5 million tonnes of grain since July 1, up 20% year on year.
Firmer Black Sea export prices and robust state-tender buying support world wheat and barley values, raising feed grain costs for importers.
e-malt.comOct 10, 2017After 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.
Not enough comparable past events yet for a historical read.
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.
