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Russian wheat export prices rose last week to about $189 per tonne FOB on firm global prices and strong buyer demand. Egypt bought 175,000 tons of Russian wheat in a tender, and the agriculture ministry raised its 2017 harvest forecast to 116-117 million tonnes.
Strong import demand and rising Black Sea offers lift world wheat prices, though a larger Russian crop caps the rally over time.
zmp.deSep 25, 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.
