1. Subsidize wheat, you get more wheat. 2. The European Union said today it will begin subsidizing wheat in the coming week for the first time since July. 3. Wheat futures rose amid persistent speculation that tight world stocks of wheat would continue to induce export interest in U.S. subsidized wheat. 4. Hungarian wheat is subsidized by the Hungarian government, and is cheaper to purchase than that produced in Romania. 5. U.S. wheat, which had been enjoying strong overseas sales in part because European countries refused to subsidize their wheat, now has become too expensive, Karlin said. 6. Hopes for sales of subsidized US wheat to Egypt benefitted short-term positions. 7. Wheat prices reacted positively to rumors that Pakistan, Tunisia, Egypt, Russia and Ukraine would soon submit orders for subsidized US wheat. |