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Chicago wheat traded at $5.70 per bushel, slightly firmer, while Paris wheat fell EUR 1.25 to EUR 194.25 per tonne and Black Sea February wheat dropped $0.75 to $230.75 per tonne. Reports note Chinese buying of 150,000 tonnes of Australian wheat and limited Russian grain exports.
Expectations of Chinese demand for US and Australian wheat and limited Russian export supply support prices, while global slowdown fears from coronavirus weigh on European and Black Sea values.
mundus-agri.euJan 28, 2020After 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.
After 20 past neutral trade events, Wheat (HRW) moved a median -0.7% over 5 sessions (30% higher; middle half -4.1% to +1.4%), and -4.0% 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.
