Egypt’s GASC Continues to Purchase Wheat Via Private Negotiations. Bought 240,000 MT of Russian Wheat for Lowest Price Since Start of Ukraine War.

Summary: Yesterday, Egypt’s GASC purchased 240,000 MT of wheat from Russia for shipment from Sep 20 – Nov 10.  This is the first time since Nov that GSAC purchased all its wheat from Russia. News services reported that the estimated average CIF price paid was $368 MT.  That is down $34.50 MT from the average…

US Soybean Weekly Export Inspections Could Be 715,000 MT. Lineup Expected To Build Sharply in Coming Weeks.

Summary:  The lineup of ships waiting or scheduled to load US soybeans is 856,000 MT, up 14% from the previous week There were 22 vessels to-be-nominated (TBN). Monday’s soybean export inspections could be 715,000 MT (26 MBU).  That would be down 4% from the previous week. USDA lowered their projection of US exports by 10 MBU to 2,160…