Wheat rises after Egypt’s rare purchase of US cargo

Wheat rises after Egypt’s rare purchase of US cargo: Chicago futures wheat rose on Monday after Egypt’s General Authority for Supply Commodities (GASC) bought US wheat for the first time since May 2017, Reuters reports. Wheat contract on the Chicago Board of Trade gained 1.5% on Monday. GASC purchased 470k tonnes of wheat in aninternational tender on Friday for delivery between 11-20 November, including 60,000 from US suppliers.