Wheat Futures Rise as Morocco, Egypt Increase Purchases of U.S. Supplies

(Bloomberg) -- Wheat futures rose after importers
purchased U.S. supplies and a government report showed sales of
the grain are outpacing last year's.

Orders for U.S. wheat from overseas are up 44 percent in
the marketing year that began June 1 from a year earlier, the
Department of Agriculture said today. Morocco bought 243,000
metric tons today, Egypt purchased 115,000 tons and Bangladesh
bought 106,000 tons.


Read more at Bloomberg Commodities News