Egypt Buys US Soft Wheat

Egypt's state-owned GASC has bought 55,000mt of US soft wheat in a tender concluded Thursday, paying $174.99/tonne FOB to Alexandria Grain.

Argentine wheat was offered as low as $176/tonne in the tender, with the cheapest French wheat being $181.87/tonne.

Russian wheat was offered cheaper down to $170/tonne, but GASC passed on that.