Egypt is buying US and EU wheat again

Yesterday, Egypt bought 120,000 tonnes of US wheat, 60,000 tonnes of wheat from Russia and 60,000 tonnes from Romania.
For a long time, traders on the cereal market had judged that the dominant offers from Russia in the first few months of the current marketing period were weakening. Already in the previous call for tenders of Egypt, US suppliers with 60,000 tons came to the course.
Due to the Thanksgiving holiday in the US, wheat trading was concentrated on the Paris Matif and prices closed at € 1.75 / tonne more than the day before.
The French were also able to report an unexpected sales success. In Dunkirk harbor, a ship with 63,000 tons of wheat is being loaded today. This is the first sale of French wheat in five years.

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