{"id":648075,"date":"2017-05-28T03:49:47","date_gmt":"2017-05-28T03:49:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/28\/us-banks-on-egypt-to-regain-dominance-in-wheat-exports\/"},"modified":"2017-05-28T03:49:47","modified_gmt":"2017-05-28T03:49:47","slug":"us-banks-on-egypt-to-regain-dominance-in-wheat-exports","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/28\/us-banks-on-egypt-to-regain-dominance-in-wheat-exports\/","title":{"rendered":"US banks on Egypt to regain dominance in wheat exports"},"content":{"rendered":"

The US is banking on Egypt to regain dominance in wheat exports:<\/strong> Egypt\u2019s purchase of 115k tonnes of wheat from the US last week may have upended the global wheat market, allowing the US to displace Russia and world\u2019s biggest exporter, write Isis Almeida and Megan Durisin for Bloomberg<\/a>. This is reportedly the first time in three years the US nabbed the top spot. The irony of the situation is that a probe into alleged ties between Trump\u2019s presidential campaign and Russia could have tipped the balance in favour of US sellers: The scandal has put pressure on the USD, making American wheat exports so affordable that Egypt took notice. Eyes will be on Egypt to determine whether the US will remain the top exporter. \u201cLast week\u2019s tender was kind of a watershed event,\" a grains analyst tells Bloomberg. \u201cI don\u2019t know if Egypt\u2019s going to be coming back consistently, but if they do and if the U.S. is included in the next tender, it should tell the market that we\u2019re here to stay.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The US is banking on Egypt to regain dominance in wheat exports: Egypt\u2019s purchase of 115k tonnes of wheat from the US last week may have upended the global wheat market, allowing the US to displace Russia and world\u2019s biggest exporter, write Isis Almeida and Megan Durisin for Bloomberg. This is reportedly the first time […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-648075","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"d9741638-d343-4b36-8709-b2a1c399a5a2","order":"0","is_powered_by":true,"section_story_id":"aa07a041-40b6-480f-88db-400391616680","story_type":"1","photo_url":"","photo_position":"above","related_issue":[648057],"teaser":"","voice_url":""},"yoast_head":"\nUS banks on Egypt to regain dominance in wheat exports - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/28\/us-banks-on-egypt-to-regain-dominance-in-wheat-exports\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US banks on Egypt to regain dominance in wheat exports\" \/>\n<meta property=\"og:description\" content=\"The US is banking on Egypt to regain dominance in wheat exports: Egypt\u2019s purchase of 115k tonnes of wheat from the US last week may have upended the global wheat market, allowing the US to displace Russia and world\u2019s biggest exporter, write Isis Almeida and Megan Durisin for Bloomberg. This is reportedly the first time […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/28\/us-banks-on-egypt-to-regain-dominance-in-wheat-exports\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-28T03:49:47+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/28\/us-banks-on-egypt-to-regain-dominance-in-wheat-exports\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/28\/us-banks-on-egypt-to-regain-dominance-in-wheat-exports\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"US banks on Egypt to regain dominance in wheat exports\",\"datePublished\":\"2017-05-28T03:49:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/28\/us-banks-on-egypt-to-regain-dominance-in-wheat-exports\/\"},\"wordCount\":192,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/28\/us-banks-on-egypt-to-regain-dominance-in-wheat-exports\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/28\/us-banks-on-egypt-to-regain-dominance-in-wheat-exports\/\",\"name\":\"US banks on Egypt to regain dominance in wheat exports - 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The world is overloaded with wheat and Egypt, \u201cbought 235,000 metric tons of wheat in a tender Thursday and managed to pay an average 82\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":641670,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/28\/uk-wheat-producers-looking-to-increase-exports-to-egypt\/","url_meta":{"origin":648075,"position":1},"title":"UK wheat producers looking to increase exports to Egypt","author":"enterpriseam admin","date":"28 September 2017","format":false,"excerpt":"Brexit is driving UK wheat producers to try to open Egypt as an export market, Manisha Jha writes from Bloomberg. As things stand, the European Union is the top destination for UK wheat, but things could change once the UK exits the EU. A UK trade delegation arrived to Cairo\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":647412,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/10\/us-sends-egypt-first-wheat-shipment-in-four-months\/","url_meta":{"origin":648075,"position":2},"title":"US sends Egypt first wheat shipment in four months","author":"enterpriseam admin","date":"10 May 2017","format":false,"excerpt":"Egypt has bought US wheat for the first time in four months, Bloomberg reported. US authorities \u201cinspected 51,603 tons of wheat for export to Egypt in the week ended May 4, U.S. Department of Agriculture data showed on Monday. 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Rosselkhoznadzor said checks of\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":637361,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/14\/how-russia-came-to-dominate-the-global-wheat-market\/","url_meta":{"origin":648075,"position":5},"title":"How Russia came to dominate the global wheat market","author":"enterpriseam admin","date":"14 November 2017","format":false,"excerpt":"Russia is now the dominant supplier of wheat globally, Bloomberg Businessweek\u2019s explores in a report. Russia\u2019s output of wheat has surged in recent years as good growing conditions boost farmers\u2019 profits, allowing them to reinvest in better seeds and equipment. 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