EU Grains Closing Comments
May London wheat closed GBP1.50 lower at GBP102.50/tonne, with May Paris wheat down EUR1.25 at EUR129.25/tonne.
A weak euro helped prices from falling too much today, but certainly bearish underlying fundamentals seem unlikely to provide anything in the way of other supportive influences.
Drier than normal weather conditions look like providing some kind of near-term support, although Bank Holiday rains have eased some worries.
Reports indicate that there may be some problems brewing in France, with barge owners striking for more money, plus an apparent breakdown at a major grain exporting facility in Rouen.
A weak euro helped prices from falling too much today, but certainly bearish underlying fundamentals seem unlikely to provide anything in the way of other supportive influences.
Drier than normal weather conditions look like providing some kind of near-term support, although Bank Holiday rains have eased some worries.
Reports indicate that there may be some problems brewing in France, with barge owners striking for more money, plus an apparent breakdown at a major grain exporting facility in Rouen.