EU Wheat Futures Extend Decline

EU wheat futures closed lower again, with London maintaining a seemingly unstoppable march back into double figures for the first time this year.

Paris November milling wheat closed down EUR1.75 at EUR133.75/tonne, and London November feed wheat closed down GBP1.25 at GBP101.25/tonne.

Harvest pressure continues to hammer the market lower.

Late season rains across northern France, Germany and the UK may have caused some quality losses, although yields seem unlikely to have been affected.

Early reports on rapeseed harvested in France and Germany are showing better than expected yields.