GFM Network News



The Nile River at Cairo. (CIA.gov)

Egypt prosecutor says some local wheat bought on paper only

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


(Country Guide file photo)

Prairie spring wheat bids rise with dry weather

CNS Canada — Cash spring wheat bids across Western Canada improved during the week ended Friday, with prices receiving support from dry weather conditions in Alberta and Saskatchewan. Weakness in the Canadian dollar, which fell from the US80-cent mark to the mid-77-cent range between April 29 and Friday, added to the upside. Depending on the […] Read more

(MGEX.com)

Minneapolis leads U.S. wheat futures trifecta

CNS Canada — Minneapolis wheat prices are gaining on those at other U.S. futures markets, as traders expect reduced acres this year. But the opposite is true for the Kansas City exchange as the expectation of high production weighs, and Chicago markets are moving on technical trading. Minneapolis Grain Exchange — “We’re keeping an eye […] Read more