Egypt’s General Authority for Supply Commodities received the following offers for its wheat-import tender today, according to two traders involved in the tender. The grain is for shipment in the Dec. 16-31 period. Each cargo is 60,000 metric tons unless otherwise indicated and prices are per ton.
The Henningsen Cold Storage Co. warehouse in Stilwell, Oklahoma, was so jammed with frozen turkeys from the likes of Butterball LLC and Cargill Inc. this year that manager Scott Mayberry turned down requests to store about 1 million more birds, or double his inventory.
Surging supplies of U.S. corn and soybeans coupled with higher revenue for specialty crops will boost farm incomes to a record this year even after grain prices fell, the U.S. Department of Agriculture said.
Record crops in Canada, the world’s top canola grower and second-largest wheat exporter, are overwhelming the country’s rail system, creating a shortage of grain cars and slowing shipments to foreign buyers.