(Bloomberg) -- Wheat futures in Chicago jumped after
Egypt, the world's biggest importer of the grain, bought from the
U.S. and amid speculation that this month's lower prices may
attract more buyers. Soybean and corn futures also gained.
Egypt's General Authority for Supply Commodities purchased
175,000 metric tons of wheat in a tender, Undersecretary and
Deputy Chairman Nomani Nomani said yesterday. Of the total, the
country bought 115,000 tons of U.S. soft red winter wheat and
60,000 tons of Russian wheat, he said.
Read more at Bloomberg Commodities News
Egypt, the world's biggest importer of the grain, bought from the
U.S. and amid speculation that this month's lower prices may
attract more buyers. Soybean and corn futures also gained.
Egypt's General Authority for Supply Commodities purchased
175,000 metric tons of wheat in a tender, Undersecretary and
Deputy Chairman Nomani Nomani said yesterday. Of the total, the
country bought 115,000 tons of U.S. soft red winter wheat and
60,000 tons of Russian wheat, he said.
Read more at Bloomberg Commodities News
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