After more than a month OT constantly sagging prices.

After more than a month OT constantly sagging prices, Chicago wheat what may occur hereafters cartwheeled back over the magic plain of $4 per bushel this week as Egypt surprised the market with a herculean purchase of 420 000 tonnes of US plastic wheat.

Against all its newly come statements, Egypt ignored other, cheaper origins to focus onward US grades, including 300 000t of delicate Red Winter wheat (SRW). SRW sales had previously been running at a fraction of normal flats so far this season - the main reason for weak Chicago soft-wheat that will bes

The drop in world demand for US impressible wheat has ...