Asia Millers Buy More U.S. Wheat on Competitive Prices, Black Sea Delays

After 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.

• Mar 15, 2018Black Sea competition impacting Australian wheat prices: Rabo - Grain Central-1.7%
• Sep 15, 2020Strong demand from buyers strengthens the price for black sea wheat-0.8%
• May 23, 2018In the black: Asian flour mills turn to Black Sea region for wheat-0.0%
• Jan 23, 2019China may buy up to 7 million tons of U.S. wheat-0.3%
• Nov 27, 2018IGC Data Shows U.S. Wheat Prices in a Rare Position - U.S. Wheat Associates+1.5%

After 102 past bullish trade events, Wheat (HRW) moved a median 0.0% over 5 sessions (49% higher; middle half -2.0% to +3.5%), and -1.4% over 20.

• Mar 15, 2018Black Sea competition impacting Australian wheat prices: Rabo - Grain Central-9.0%
• Sep 15, 2020Strong demand from buyers strengthens the price for black sea wheat+2.6%
• Dec 7, 2019The U.S. is competitive in the wheat export market+3.0%
• Jan 23, 2019China may buy up to 7 million tons of U.S. wheat-1.9%
• Nov 27, 2018IGC Data Shows U.S. Wheat Prices in a Rare Position - U.S. Wheat Associates+4.2%

Not enough comparable past events yet for a historical read.