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Egypt wheat ban fuels confusion

  Bloomberg Egypt will no longer accept imported wheat containing any traces of the ergot fungus, the Agriculture Ministry said, sowing fresh regulatory confusion that has hampered shipments to the world’s biggest buyer of the grain. The new ruling runs counter to a less restrictive policy by the Supply Ministry allowing for shipments containing as much as 0.05 percent ergot ...

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Oil resumes drop near $47

  Bloomberg Oil declined amid doubts producers will agree on a deal to stabilize the market when suppliers meet next month for informal talks. Futures decreased as much as 1.8 percent in New York after rising the previous two sessions. Iran’s plan to continue boosting crude output until it regains its pre-sanctions OPEC market share is dimming prospects of collective ...

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Oil pessimists exit as OPEC cap talk spurs bets glut easing

  Bloomberg Oil investors are turning the car around. For a second week, money managers slashed bets on falling prices by a record and boosted wagers on a rally. Futures have climbed 23 percent in less than three weeks as some OPEC members raised the possibility of an output freeze amid signs the global glut is easing. “This is a ...

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