EU Wheat Futures Down, Rapeseed Sharply Lower

EU wheat futures are in negative territory again Friday, with London feed wheat heading for it's thirteenth weekly loss out of the last fourteen.

November feed wheat is £0.75 lower at £98.25/tonne. Spot month futures have now fallen in almost a continuous straight line down from a high of £192.25/tonne since mid-March.

November Paris-based milling wheat is EUR2 lower at EUR158.50/tonne. That too has fallen continuously from a high of EUR295.50/tonne at the beginning of March.

Paris November rapeseed is EUR5.75 lower at EUR341.75/tonne, again spot month futures stood at a high of EUR521.50/tonne at the start of March.

Heavy losses across the board on last night's CBOT market are adding to the weak tone, as is a distinct lack of export interest and burgeoning world stocks.