."There is demand around, and the recent sales report suggesting sales to Egypt and Nigeria are a step in the right direction. Bangladesh is back in for another 50,000 mt, and they are expected to buy as much as 6 mmt in 2018/2019, a 34% jump over their five-year average. Jordan has returned to buy 120,000 mt. We are still waiting to hear results of Ethiopia's 400,000 mt tender. Tunisia is in for 100,000 mt of milling wheat, and Algeria is in Thursday for 50,000 mt of wheat for March, which could be up to 400,000 mt." 



 Yes there is demand, but with the inverse in black sea wheat futures between old crop and new crop, demand for old crop will not be what it would have been if no inverse was present. I guess we will see how elastic demand is into a inverse.