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Chicago wheat jumped about 70 cents early in the week after Russia reportedly quit the UN-brokered Black Sea grain deal. Prices fell back to their starting level after Russia said it would rejoin, and the original deal was set to expire.
Headline-driven swings show how sensitive wheat is to Black Sea shipping risk, and the deal's expiry leaves future export flows uncertain.
abc.net.auMatt Brann5 nov 2022Na 38 eerdere neutraal geopolitiek-gebeurtenissen bewoog Tarwe (SRW) zich mediaan +0,1% over 5 sessies (53% hoger; middelste helft -1,6% tot +1,5%), en +0,8% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
Describes the week's Black Sea deal whipsaw, with wheat jumping about 70 cents on Russia's exit and then reversing, which is the volatility that surrounds the 11/7 move.
