US chance to sell wheat to Egypt is high

The General Authority for Supply Commodities (GASC) purchased 295k tonnes of wheat from Ukraine, Russia, Romania, and the United States, to be delivered between 15 and 24 June, Al Mal reports. The US, which sold Egypt wheat earlier in May for the first time in four months, offered two of the lowest prices in the tender GASC issued on Tuesday, Bloomberg reports. Egypt raised its requirement for the wheat’s protein content, which pushed France out of the mix but bode well for the US, which has “plenty” of the higher-protein wheat.