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US wheat exports to Brazil have grown despite higher sourcing costs, as the ocean freight differential between Argentine and US Gulf wheat is at a multi-year high. High-quality US Gulf wheat trades at a premium to Argentine port prices.
Wider freight differentials favor Argentine wheat for Brazilian buyers, which could redirect some US wheat export demand and affect feed wheat competitiveness.
gro-intelligence.comJul 4, 2017After 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), 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.
