Markets Extra

Results of Gasc wheat tender - June 19

Markets Extra20 Jun 2019by Markets Extra

Results of the second wheat tender by Gasc for delivery in 2019-20.

Tenders by Gasc - grain authority for Egypt, the world’s top wheat importer - are closely monitored by investors.

The results of the previous event are available by clicking here.

Results of Gasc wheat tender, June 19
Origin	Amount purchased (tonnes)	Price ($ per tonne)	Merchant	Freight cost ($ per tonne)	Total cost ($ per tonne)
Russia	55,000	196.86	Glencore	14.35	211.21
Romania	60,000	198	Ameropa	12.45	210.45
Romania	60,000	198	Ameropa	12.45	210.45
Romania	60,000	198	Cerealcom	12.45	210.45
Russia	55,000	196.16	Posco	13.93	210.09

Total	290,000
Average price		197.43
Change in average price from previous tender		+0.1%

Running total of Gasc wheat tender results 2019-20
Origin	Amount purchased (tonnes)
Romania	240,000
Russia	170,000

Total	410,000
Total spent, including freight (million dollars)		$86.18

Egypt Wheat

ANALYSIS: Are China's wheat imports about to get the corn treatment?

Competitive pricing is driving Chinese livestock feeders to use more grain in their rations. That could see wheat imports far exceed current forecasts

Cotton, wheat futures gain as USDA stocks downgrades top forecasts

A cut in the Wasde to the forecast for world wheat stocks proves a particular "surprise". But exuberance is capped by downbeat soybean data revisions

Key data in April 9 Wasde, and how they compared with market forecasts

Details of key statistics in the USDA’s Wasde report, which sent corn, cotton and wheat prices higher, but undermined soybean futures

Rapeseed worries mount, as Ukraine looks at lower exports

US officials forecast a drop in Ukraine rapeseed exports, just as weather is testing crops in top producers Canada and the EU. In Australia, however...