eFeedLink - Egypt to buy 5 million tonnes of wheat
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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, ...