# Speculation shrouds grain demand, rejections from Egypt - AgCanada

> Egypt, the world's largest wheat buyer, rejected three wheat cargoes from Russia and Argentina at origin for quality issues, the first rejections under its new inspection system. Egypt has also increased purchases to its highest level for this time of year since 2012-13 and is working to double state reserves ahead of its April harvest.

- Date: 2017-03-18 · published 2017-03-18T12:00:00.000Z
- Category: trade · region Egypt · magnitude medium
- Page: https://feedsoft.ai/events/71888-speculation-shrouds-grain-demand-rejections-from-egypt-agcanada
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Strong Egyptian stockpiling buying supports wheat export prices, while quality rejections could tighten available supply of acceptable cargoes.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-10-19 | [U.S. grains: Soy, wheat, corn firm on export demand - AgCanada](https://feedsoft.ai/events/68544-u-s-grains-soy-wheat-corn-firm-on-export-demand-agcanada.md) | +0.2% | -3.0% |
| WHEAT | 2023-03-29 | [U.S. grains: Wheat up on Cargill's Russia decision - AgCanada](https://feedsoft.ai/events/5080-u-s-grains-wheat-up-on-cargill-s-russia-decision-agcanada.md) | -10.7% | -14.2% |
| WHEAT | 2017-02-23 | [Smaller bulkers ‘big winners’ from rise in Asia grain demand \| TradeWinds](https://feedsoft.ai/events/72700-smaller-bulkers-big-winners-from-rise-in-asia-grain-demand-tradewinds.md) | -0.2% | -2.4% |
| WHEAT | 2025-08-27 | [Grain shipments from Russia and Ukraine have halved \| World Ports Organization](https://feedsoft.ai/events/14182-grain-shipments-from-russia-and-ukraine-have-halved-world-ports-organization.md) | +0.1% | -0.9% |
| WHEAT | 2019-07-03 | [Eastern grain demand won’t wane soon \| Countryman](https://feedsoft.ai/events/58042-eastern-grain-demand-won-t-wane-soon-countryman.md) | -1.5% | -3.4% |
| KWHEAT | 2023-03-29 | [U.S. grains: Wheat up on Cargill's Russia decision - AgCanada](https://feedsoft.ai/events/5080-u-s-grains-wheat-up-on-cargill-s-russia-decision-agcanada.md) | 0.0% | -9.1% |
| KWHEAT | 2020-03-23 | [U.S. grains: Wheat jumps to one-month top - AgCanada](https://feedsoft.ai/events/6172-u-s-grains-wheat-jumps-to-one-month-top-agcanada.md) | +3.8% | +5.6% |
| KWHEAT | 2020-10-27 | [Demand-driven wheat rally supported by production uncertainty - Grain Central](https://feedsoft.ai/events/50675-demand-driven-wheat-rally-supported-by-production-uncertainty-grain-central.md) | +0.2% | -0.1% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/speculation-shrouds-grain-demand-rejections-from-egypt

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.