EU Wheat Futures Decline Monday
EU wheat futures edged lower Monday in a relatively quiet trading session, with UK markets closed for the public holiday.
Paris November milling wheat closed down EUR1.50 at EUR127.00/tonne.
End of month book-squaring was a feature, whilst last week's IGC production and stocks numbers still weigh.
A sharply lower US market, pressured by weak equities and crude oil did little to help.
There is already some talk that the current low level of global wheat prices may encourage more plantings of oilseeds such as OSR and soybeans for the 2010 crop.
Paris November milling wheat closed down EUR1.50 at EUR127.00/tonne.
End of month book-squaring was a feature, whilst last week's IGC production and stocks numbers still weigh.
A sharply lower US market, pressured by weak equities and crude oil did little to help.
There is already some talk that the current low level of global wheat prices may encourage more plantings of oilseeds such as OSR and soybeans for the 2010 crop.