Wheat Snaps Slump as Egypt Issues Tender; Corn Gains; Soy Falls
This article is for subscribers only.
Wheat rose in Chicago, snapping the longest string of declines in eight years, as Egypt bought 180,000 tons of the grain. Corn gained, while soybeans fell.
Egypt, the world’s biggest importer, bought 180,000 tons of Ukrainian and Romanian wheat today in its first tender since February, the state-run buyer said. The nation’s cabinet said June 26 that national stockpiles would meet demand until Nov.