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Egypt's GASC tender showed a marked wheat price increase as merchants worried about cargoes being rejected at port over poppy seed rules. Freight costs also rose, adding to the overall cost of wheat delivered to Egypt.
Higher delivered prices and port-quality risk support wheat values and freight rates, though the effect is largely confined to Egyptian import costs.
ctrmcenter.comCTRM Center CommunitySep 19, 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.
