Page 10 - Supply Commodities News Today

Traders unimpressed with Russia's grain export tax cut

Egypt’s state grains buyer, the General Authority for Supply Commodities (GASC), is in private negotiations with trading houses about buying wheat without issuing an international tender, traders said on Monday. Offers for an undisclosed volume of wheat will be accepted from July 4. Price offers must remain valid for 24 hours, traders said. Shipment is ...

Chicago edged down on Thursday, weighed by increased chances of rain in growing areas in the United States. Wheat and soybeans both fell. Traders were also watching a government crop report on Thursday and adjusted their positions ahead of it. The most-active corn contract on the Chicago Board of Trade (CBOT) Cv1 fell 0.08% to ...

CAIRO: Egypt has contracted to buy the largest quantity of wheat in a tender in at least a decade, as it takes advantage of the recent price drop. Additionally, the World Bank has agreed to provide the North African country $500 million in development funds to boost food security. Egypt has contracted to buy the largest quantity of wheat in a tender in at least a decade, as it

Chicago wheat futures rose on Tuesday, supported by short-covering and bargain hunting after falling to a four-month low in the previous session as ongoing winter harvest was ahead of expectations. Corn and soybeans both edged up. The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 rose 1.58% to $9.32 a bushel. The ...

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Egypt’s imports of Russian wheat rose 84% in March-May from the same period last year, freight data showed, even though traders said there were some complications around payment and shipping. Egypt, one of the world’s top wheat importers, has become heavily reliant on Russian and Ukrainian grain in recent years. Egypt’s imports of wheat, some ...

Egypt is asking the World Bank for $500 million to cover its wheat needs in light of the ongoing war in Ukraine.

Chicago wheat and corn futures rose on Thursday to recover from two-month lows as liquidation by investment funds abated and traders saw supply tensions persisting despite talks to reopen Ukrainian ports blocked since Russia’s invasion. A large wheat purchase by Egypt and a report the U.S. government may retroactively raise an ethanol blending mandate lent ...

U.S. wheat futures recouped losses to edge higher on Thursday, after a sharp decline in the previous session as the market gauged the impact of diplomatic talks to unblock Ukrainian ports. The most-active wheat contract on the Chicago Board of Trade (CBOT) was up 0.22% at $10.43-1/2 bushel. Corn shed 0.44% to $7.28 a bushel, ...