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Egypt said it finished sieving a Romanian wheat cargo halted for poppy seeds, while an agriculture ministry official said the process was not yet complete. Traders expected several more weeks of sieving, and a second French wheat cargo still awaited approval.
Import delays and quality disputes at the world's largest wheat importer add risk premium and freight costs, supporting wheat prices and widening spreads for suppliers.
en.amwalalghad.comYomna YasserSep 26, 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.
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.
