EU Wheat Drifts Lower

EU wheat futures continue to drift lower despite lack of farmer selling on mounting harvest activity in eastern Europe.

November Paris milling wheat closed down EUR3.00 at EUR140.75.tonne, and London November feed wheat ended down GBP0.75 at GBP111.25/tonne.

European weather is less than ideal with rain in the forecast for many parts of the UK, France, Germany and Poland as low pressure rolls in from the west.

A weak dollar also did little to help European futures today.

Trading remains quiet, with dealers largely confined to book-squaring activities as we enter the holiday season.