iNVEZZ.com Wednesday, July 24th: Grain futures were mixed today, with the wheat price rising amid signs of sustained demand with Egypt to hold its third import tender this month and on uncertainty about Russia’s production prospects.
Egypt, the world’s largest wheat importer, is seeking wheat for September 1-10 shipment in a tender today after buying 300,000 metric tonnes last week and 180,000 tonnes on July 2, Bloomberg has reported. Further improving the wheat demand outlook, China, the biggest producer of the grain, has also been buying wheat in recent weeks after rain hurt domestic crops.
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