EU Wheat Ends Narrowly Mixed

EU wheat futures closed narrowly mixed Monday as the market still struggles to find some much needed direction.

May Paris milling wheat ended down EUR1.00 at EUR138.00/tonne. London new crop November feed wheat closed up GBP0.50 at GBP118.50/tonne.

A firmer dollar added some support for EU wheat, although weaker crude oil and falling equities took the shine off early gains.

US markets opened sharply lower, with an improved weather outlook for the week ahead set to boost corn plantings there.

EU weather conditions meanwhile remain warmer & drier than normal for this time of year, coaxing winter wheat and rapeseed out of dormancy. This could lead to yield problems further down the line.