Egypt haggling back in full force as world awash with wheat

After 82 past bearish trade events, Wheat (HRW) moved a median -0.3% over 5 sessions (48% higher; middle half -2.8% to +1.9%), and +0.1% over 20.

• Feb 21, 2019Tender in Egypt has further reduced the price of wheat-2.5%
• Dec 2, 2022Wheat wilts in the face of harvest selling pressure | Stock Journal | SA-4.7%
• Sep 19, 2023US HRW wheat exports projected at record low | World Grain-2.8%
• Nov 9, 2022Wheat prices continue to fall amid USDA report and cancellation of tender in Egypt+1.8%
• Dec 29, 2022Favorable weather for winter wheat in the USA, Europe and the Black Sea region is putting pressure on quotations-4.8%

After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.

• Feb 21, 2019Tender in Egypt has further reduced the price of wheat-3.2%
• Aug 10, 2021India re-emerges as rice and wheat exporter | World Grain+3.4%
• Sep 21, 2023Exclusive: Egypt in talks for Emirati funding to buy Kazakh wheat -traders | Reuters-1.8%
• Jun 13, 2024Falling demand for wheat and corn in China could crash global markets-2.1%
• Dec 2, 2022Wheat wilts in the face of harvest selling pressure | Stock Journal | SA-9.7%