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(Photo courtesy Water Management Research Unit, ARS/USDA)
Crops, Markets, Reuters

U.S. grains: Bargain buyers boost corn, wheat from multi-year lows

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Reuters — Chicago corn and wheat rose on Thursday as investors covered short positions and bought at bargain prices after the grains plumbed multi-year lows during eight-day skids on prospects of abundant U.S. and world supplies. Most-active soybeans edged higher, halting a seven-day losing streak under pressure from an expected record U.S. crop. Chicago Board […] Read more
The Nile River at Cairo. (CIA.gov)
Crops, Reuters, Spring Wheat

Egypt bans ergot in wheat, again

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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 […] Read more
Khaled Hanafi, Egypt’s minister for supply and internal trading, shown here at a meeting Tuesday, has resigned in the wake of the country’s ongoing probe into purchases of local wheat. (MSIT.gov.eg)
Crops, Reuters, Spring Wheat, Winter Wheat

Egypt’s wheat corruption scandal takes down supply minister

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Cairo/Abu Dhabi | Reuters — Egypt’s Minister of Supply Khaled Hanafi has resigned amid the highest-profile corruption case since President Abdel Fattah al-Sisi came to power in 2014. Hanafi’s resignation is the most senior-level fallout from a probe into whether millions of dollars intended to subsidize farmers were used to purchase wheat that did not […] Read more
Sunset in Egypt on the Nile River south of Luxor. (CIA.gov)
Crops, Markets, Reuters

Egypt tightens import quarantine rules on grains

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Cairo | Reuters — Egypt has tightened its agriculture quarantine regulations, imposing a rule that will prevent grain shipments suspected of contamination from being offloaded until they receive test results, according to a letter sent to traders Monday. The rule comes just one month after the world’s biggest wheat buyer discontinued its controversial zero tolerance […] Read more
The Nile River at Cairo. (CIA.gov)
Cereals, Crops, Markets, Reuters

Egypt public prosecutor orders 13 arrested in wheat corruption case

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Cairo | Reuters — Egypt’s public prosecutor has ordered the arrest of 13 people for 15 days pending an investigation into their role in a wheat procurement corruption scandal, judicial sources said on Saturday. Egypt, the world’s largest wheat importer, has been mired in controversy over its wheat supplies, with industry officials claiming that over […] Read more
The Nile River at Cairo. (CIA.gov)
Crops, Reuters, Spring Wheat

Egyptian prosecutor says millions in local wheat falsely claimed

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Cairo | Reuters –– Egypt’s general prosecutor said on Sunday that local wheat suppliers worked with government employees to falsely claim 621 million Egyptian pounds (C$92.5 million) worth of grain that does not exist. Egypt has been embroiled in a controversy over its local wheat supplies, with grains industry officials claiming that over two million […] Read more
The Nile River at Cairo. (CIA.gov)
Cereals, Crops, Reuters

Egypt prosecutor says some local wheat bought on paper only

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Cairo | Reuters –– Egypt’s general prosecutor said on Thursday some local wheat was bought by the government in paper transactions only and not physically delivered, the first public statement by his office on the matter since fraud allegations surfaced last month. Egypt, the world’s largest wheat importer, launched a government-led inspection of wheat silos […] Read more

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