Page 17 - Supply Commodities News Today

Egypt’s state grains buyer, the General Authority for Supply Commodities (GASC), said on Wednesday it had bought 360,000 tonnes of wheat in an international tender. The purchase comprised 180,000 tonnes of Russian wheat, 120,000 tonnes of Ukrainian wheat, and 60,000 of Romanian wheat, GASC said. The tender sought wheat for shipment between Dec. 1-10. Traders ...

RIYADH: Soaring wheat prices have led Egypt, the world's largest importer of the grain, to stop buying it, Bloomberg reported. The North African country imports vast amounts of grain to subsidize bread for its citizens, but has now canceled Tuesday’s wheat tender because of high prices. Offers came higher than usual, the country said. This is the fourth time this year that

U.S. wheat futures edged higher on Thursday for a second straight session, as strong buying by top importers, led by Egypt, supported prices. Soybeans firmed after closing lower on...

U.S. wheat futures rose on Thursday for a second straight session, as strong buying by top importers including Egypt supported prices. Soybeans firmed after closing lower on Wednesday. “Chicago price strength is driven by tightness in Black Sea supplies,” said Ole Houe, director of advisory services at brokerage IKON Commodities in Sydney. The most-active wheat ...

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Egypts GASC takes 240k Russian, Romanian wheat at $269.83/mt CFR The Egyptian state grain buyer booked 240,000 mt of Russian and Romanian milling wheat after concluding a buy tender, and paid $269.83/mt CFR and $238.38/mt FOB, an official note showed on Monday. General Authority for Supply Commodities (GASC) booked 60,000 mt of Russian wheat from GTCS paying $240/mt FOB and $267.70/mt CFR. The other three Romanian cargoes were secured by Viterra, CHS, and Ameropa at the same $237.84/mt FOB and ...

Hot weather forecast for U.S. growing areas limits decline  By Naveen Thukral SINGAPORE, June 29 (Reuters) - Chicago soybean futures slid on Tuesday ahead of a key U.S. report on planted acres, although forecasts for heat in the western U.S. Midwest limited losses. Corn also fell, while wheat ticked higher. “Hot weather is a real and a longer-term concern,” said Ole Houe, director of advisory services at brokerage IKON Commodities in Sydney. “But we do think that the USDA (U.S. De...

6/28/2021 SINGAPORE, June 29 (Reuters) - Chicago soybean futures rose for a second straight session on Tuesday to a one-week high, as forecasts for heat in the western U.S. Midwest raised concerns over potential yield losses. Wheat and corn also gained. FUNDAMENTALS * The most-active soybean contract on the Chicago Board of Trade (CBOT) rose 0.3% to $13.16-1/4 a bushel by 0039 GMT, after climbing to its highest level since June 22 at $13.26 a bushel earlier in the session. * Wheat added 0.4% at...

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5/24/2021 CHICAGO, May 24 (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. CDT (1330 GMT) on Monday. WHEAT - Down 13 to 16 cents per bushel * Most-active soft red winter wheat futures contract hit its lowest since April 20 during overnight trading. Concerns about prospects for U.S. wheat on the export market add pressure. * Egypts state grains buyer, the General Authority for Supply Commodities o...