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Wheat prices recovered late in the week of October 24 after SRW and HRW had fallen to multi-year lows on the CBOT, driven by rumors of Chinese buying of U.S. wheat. Algeria made a significantly larger than expected wheat purchase, and frosty forecasts for Argentina added support.
Euronext remained muted, and the U.S. government shutdown left Chinese interest unconfirmed.
Unconfirmed Chinese demand rumors and a large Algerian tender lifted prices, but the abundant global stocks and larger Russian and Australian crops limit the upside.
zmp.de2025年10月24日在过去 431 次看涨的贸易事件之后，小麦(SRW) 在 5 个交易日内中位数变动 +0.0%（50% 上涨；中间一半区间为 -1.3% 至 +2.1%），20 个交易日内为 +0.5%。
在过去 102 次看涨的贸易事件之后，小麦(HRW) 在 5 个交易日内中位数变动 0.0%（49% 上涨；中间一半区间为 -2.0% 至 +3.5%），20 个交易日内为 -1.4%。
在过去 729 次看涨的贸易事件之后，玉米 在 5 个交易日内中位数变动 +0.4%（56% 上涨；中间一半区间为 -1.1% 至 +1.8%），20 个交易日内为 +0.5%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
Rumors of Chinese buying, a larger-than-expected Algerian purchase, and Argentine frost risk began the recovery from multi-year lows, setting up short-covering momentum into Monday.
