Wheat rises as Egypt buys from U.S.

Source: Bloomberg
© Scanpix/RS
Wheat traded in Chicago increased on Monday rebounding from its decline recorded last week after the world's largest buyer of the grain, Egypt, agreed to purchase 55,000 metric tons of the commodity at a price of $303 per ton including costs. Wheat for settlement in March jumped 0.6% to $5.725 per bushel on the CBOT.

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