Pre-Trading Thoughts

Wheat reserves should cover Egypt's needs for 8 months, after accounting for locally sourced quantities; No need for any additional wheat shipments in the short term The CBE's, newly released, External Position Report for September 2021, revealed that it extended the tenor of two Saudi deposits, worth USD2.3 billion, until October 2026 The government could consider introducing price controls on unsubsidized bread if sellers continue to raise their prices Global oil prices closed at their high...