(Bloomberg) -- Wheat rose in Chicago on demand for
U.S. grain from Japan and Egypt amid forecasts for the lowest
global inventories in 26 years.
Japan plans to buy 40,000 metric tons of U.S. varieties.
Egypt said it purchased 60,000 tons. Advance sales of U.S.
supplies for delivery before May 31 are up 22 percent from a
year earlier, Department of Agriculture data showed. Global
stockpiles may fall to 112 million tons by May 31, the lowest
since 1982, the U.S. agency said on June 11.
Read more at Bloomberg Commodities News
U.S. grain from Japan and Egypt amid forecasts for the lowest
global inventories in 26 years.
Japan plans to buy 40,000 metric tons of U.S. varieties.
Egypt said it purchased 60,000 tons. Advance sales of U.S.
supplies for delivery before May 31 are up 22 percent from a
year earlier, Department of Agriculture data showed. Global
stockpiles may fall to 112 million tons by May 31, the lowest
since 1982, the U.S. agency said on June 11.
Read more at Bloomberg Commodities News
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