EU wheat, rapeseed opens mostly lower

Paris based milling wheat has opened EUR0.50 to EUR2.50 lower this morning, following last night's late sell-off in Chicago. Traders are looking to book some profits ahead of this afternoon's USDA supply & demand report after prices has risen EUR10-12 since recent lows set at the beginning of the month.

July London feed wheat is, strangely, £1.50 firmer, with just 11 lots traded, a technical blip I'm sure and will likely traded lower than last night's close as the session wears on. No other positions have traded at 10.30am BST.

August rapeseed is EUR4 lower at EUR447.50 and August corn down EUR0.25.