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According to the Egyptian Supply Ministry, Egypt’s wheat import bill declined 13% this year, in line with reduced imports of other key commodities. The world’s largest wheat importer has increased its milling capacity to 3.4 million tonnes and aims to reach 5 million. The country, and has reserves sufficient for six and a half months

US grain prices moved back into the green yesterday, with big gains in wheat, as more worries has come about production in the U.S., Russia cut its wheat harvest and emerged a lower Brazilian corn harvest than expected. Expectations for lower quality ratings pushed corn and soybeans higher. So, the wheat complex caught the bigger

ASX wheat September contract up $2/t to A$324/t; Chicago wheat September contract up US25.75c/bu to 729.5c; Kansas wheat September contract up 30.25c/bu to 703.5c; Minneapolis wheat September contract up 18c/bu to 922.75c; MATIF wheat September contract up €5.25/t to €228.50/t; MATIF corn August contract up €6/t to €290/t; Chicago corn September contract was up 11.75c/bu

Egypt’s General Authority for Supply Commodities (GASC) tendered on Friday to buy an unspecified amount of wheat from global suppliers for shipment from Sept. 24 – Oct. 4 for payment using 180-day letters of credit. Gasc lineup presented on this morning 02 of Aug 2021 was: Cofco: $261,49 – FOB Costanta; Solaris Commodities SA: $263,86

Russian wheat prices rose last week. In deed, according what referred IKAR, Russian wheat with 12.5% protein loading from Black Sea ports for supply in August was $254 a tonne free on board (FOB) at the end of last week, up $6 from the previous week. Sovecon, meantime, recorded a $10 rise to $255 per

US grain markets traded off down through Friday’s session, though wheat did recover slightly later in the day for smaller losses. On macro markets, oil prices edged higher on Friday, with global benchmark Brent posting a fourth monthly gain, with demand growing faster than supply and vaccinations expected to alleviate the impact of a resurgence

US farm markets with exception to the wheats, finish the month of July on a bearish note. KC wheat futures led the week higher, with gains of 4.22%. CBT was up 2.89% on the week. MPLS was less of the leader this week, with futures clawing back 2.41% from last week. Soybean futures managed to

According to the Ministry of Agriculture, Russia has set out its #grain export taxes for the period Aug 4-10, this morning. About wheat and barley export taxes will be unchanged to $31,40 and 38,50 respectively; About corn it will be down to $ 49.6. Indicative prices are $244.9 for wheat, 240.1 for barley and 255.9