EU Wheat Ends Flat To Lower
EU wheat futures closed yet another uninspiring session flat to slightly lower in what is becoming a bit like watching and rewatching the same episode of Strictly Come Dancing over and over again.
Paris November milling wheat futures closed flat at EUR126.25/tonne, whilst London November milling wheat futures ended down GBP0.7 at GBP97.25/tonne.
There is simply very little fresh news to impart. Read the regular reports from the usual suspects and it's all the normal doom & gloom: burdensome stocks, lack of demand etc, etc.
The harvest is largely over in most of Europe now, and generally quality seems better than last year and yields a bit lower.
Egypt bought 180,000 MT of French wheat in a tender today, from three separate sellers all at $175/tonne FOB. In addition they also bought 60,000 MT of US wheat at $168 FOB and 90,000 MT of Russian wheat at $172-173.72/tonne FOB.
Paris November milling wheat futures closed flat at EUR126.25/tonne, whilst London November milling wheat futures ended down GBP0.7 at GBP97.25/tonne.
There is simply very little fresh news to impart. Read the regular reports from the usual suspects and it's all the normal doom & gloom: burdensome stocks, lack of demand etc, etc.
The harvest is largely over in most of Europe now, and generally quality seems better than last year and yields a bit lower.
Egypt bought 180,000 MT of French wheat in a tender today, from three separate sellers all at $175/tonne FOB. In addition they also bought 60,000 MT of US wheat at $168 FOB and 90,000 MT of Russian wheat at $172-173.72/tonne FOB.