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Egypt's GASC bought 175,000 tons of Russian wheat at $212 per ton delivered, up $11 from the prior tender, and has bought over 3 million tons this season. Only six traders bid, down from earlier tenders, as quality uncertainty and poppy seed rules raised costs.
Thinner tender participation and higher freight-inclusive prices signal firmer import demand for Black Sea wheat, supporting Russian and global wheat values.
graintrade.com.uaSep 20, 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.
