date:Sep 15, 2012
lies in the Black Sea region run low. Egypt has repeatedly bought wheat from Russia and Ukraine in recent weeks, but a drought reduced exportable supplies available this year in that region.
Some analysts think further Egyptian wheat tenders could include a purchase of U.S. wheat by the end of the month.
Optimism about greater export demand got a boost from the dollar weakening Friday due to the U.S. Federal Reserve's bond-buying program announced Thursday.
The WSJ Dollar Index, which measures