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2/2/2021
CHICAGO, Feb 2 (Reuters) - Following are U.S. trade
expectations for the opening of grain and soy complex trading at
the Chicago Board of Trade (CBOT) at 8:30 a.m. CST (1430 GMT) on
Tuesday.
WHEAT - Down 8 to 9 cents per bushel Wheat futures head lower on spillover weakness from corn
and soybeans, and a firmer dollar, which tends to make
U.S. grains less attractive on the global export market. CBOT March wheat fell below chart support at its
30-day moving average ahead of the daily break in trade. Traders await results of an international wheat purchase
tender set by Egypt s state grain buyer, the General Authority
(Updates with analyst comment)SHANGHAI, Jan 25 (Reuters) - Chicago soybean and corn futures extended their losses on Monday, following already sharp declines in the previous session, as rains in South American growing regions eased concerns about tight global supplies.Wheat prices also fell, adding to four days of decline.
January 14, 2021 at 7:00 am | Published in: Africa, Egypt, News
A worker gesturing for cars to move as others fill up a at a petrol station in Cairo, Egypt on June 29, 2017 [KHALED DESOUKI/Getty Images] January 14, 2021 at 7:00 am
Egypt has signed an agreement with the International Islamic Trade Finance Corporation (ITFC) to finance the country s petroleum imports, the Egyptian Ministry of Petroleum announced on Tuesday. The loan agreement is valued at $1.1 billion, the ministry confirmed in an official statement, adding that the fund was allocated: To fund the country s petroleum and basic goods imports for 2021.
The ministry pointed out that the deal was part of a $3 billion agreement that was signed between Egypt s Ministry of Investment and the ITFC in January 2018.
UPDATE 1-Egypt’s cabinet allows GASC to co-found shareholding shipping company -statement Reuters 12/31/2020
(Adds detail)
CAIRO, Dec 31 (Reuters) - Egypt’s cabinet said on Thursday it agreed a draft bill to allow the state grains buyer, the General Authority for Supply Commodities (GASC) to co-found a shareholding shipping company to transport commodities in and out of the country.
The company, to be known as Atlantic Pacific Company for Shipping and Trade, will focus on the marine shipping of commodities within Egypt and abroad, and will own commercial shipping vessels.
GASC tenders frequently for vegetable oils and wheat, of which it is the world s largest buyer.