Sunset in Egypt on the Nile River south of Luxor. (CIA.gov)

Egypt cancels zero-ergot wheat policy amid mounting pressure

Cairo | Reuters — Egypt has reversed its controversial zero-tolerance policy on the common grains fungus ergot, the government said on Wednesday, backtracking on an import regulation that had all but blocked its access to global wheat. Egypt, the world’s largest buyer of wheat, has seen its imports grind to a halt since it imposed

(Lisa Guenther photo)

U.S. grains: Harvest delays spark soybean rally

Chicago | Reuters — Chicago Board of Trade soybean futures rose 1.7 per cent on Tuesday, hitting a nearly one-month high on strong export demand and as rains delayed harvest in key production areas of the U.S. Midwest, traders said. The delays also supported corn futures, while wheat rose on technical buying and short-covering. Both


(Scott Bauer photo courtesy ARS/USDA)

U.S. grains: Soybeans rise on technical buying

Reuters — U.S. soybeans rose on Monday for a third straight session, boosted by strength in vegetable oil markets and technical buying. Corn turned higher on chart-based buying and Chicago wheat finished mixed, held in check by an ongoing disruption in Egyptian wheat imports. Chicago November soybean futures climbed 6-1/2 cents, or 0.8 per cent,







Sunset in Egypt on the Nile River south of Luxor. (CIA.gov)

Egypt’s GASC cancels wheat tender as ergot policy bites

Cairo/Abu Dhabi | Reuters — Egypt’s ability to buy wheat from abroad while demanding zero ergot fungus in shipments was dealt a serious blow on Wednesday, with state grain buyer GASC cancelling its tender after receiving just one offer. It was the country’s first tender to purchase wheat since it reinstated its zero-tolerance ergot policy


The Nile River at Cairo. (CIA.gov)

Egypt bans ergot in wheat, again

Cairo/Abu Dhabi | Reuters — Egypt reinstated on Sunday a controversial ban on wheat shipments containing even the slightest amount of a common grain fungus, baffling traders who had returned to the Egyptian market just last month when the ban was lifted. The world’s largest wheat importer said on Sunday it was re-introducing its zero