EU Wheat: Higher For Two Day Rally!

EU wheat futures closed higher for the second day in succession to cap a tumultuous two day rally!

Paris November milling wheat ended up a whole quarter of a euro at EUR196.75 a metric tonne and London November feed wheat closed up a massive GBP1.50 at GBP127.50/tonne.

There's nothing much new really, rain is threatening what's left in the fields, quality is getting worse and the weather outlook is "mixed" at best.

Strategie Grains upped it's EU crop projections again, that's 8.7MMT extra in the last two months alone, mostly of low grade feed wheat.

Where is it all going to go? Nowhere if the Ukraine has anything to do with it.