Wheat Futures Rise in Chicago as Demand for U.S. Grain Jumps on Price Drop

(Bloomberg) -- Wheat futures rose in Chicago after
a 3.3 percent price drop the past three sessions sparked buying
interest from importers of U.S. grain.

Egypt said today it bought 300,000 metric tons of U.S.
wheat. The Taiwan Flour Millers Association, which represents
34 grain buyers, plans to purchase 91,890 tons, and Japan said
it is seeking 70,000 tons. Orders for U.S. wheat for delivery
before June 1 are up 39 percent from a year earlier, the
government said last week.


Read more at Bloomberg Commodities News