Egyptian interest in US wheat is just temporary -Reuters

US wheat exports to Egypt will stay rare, despite the most recent transaction in which Egypt bought 115k tonnes of US wheat, Reuters says. The purchase was just a stopgap measure to ensure enough supplies were present until offerings from Egypt’s favored sources in the Black Sea region were more readily available, traders say. Reuters expects Egyptian interest in US wheat will dry up once supplies from the Russian harvest begin arriving at export ports this summer.