EU Wheat Back On The Defensive, UK Wheat Exports Dip

EU wheat futures are back on the slide Wednesday, as outside influences from stocks and crude take control again.

November Paris milling wheat is down EUR2.25 at EUR144.75/tonne. London November feed wheat is GBP2.50 lower at GBP90.50/tonne.

Data released today by the HGCA shows that U.K. wheat exports for July and August are almost half what they were for the same period the previous year.

The figures show that 168,392 metric tonnes were exported throughout the two-month period, compared with 291,347 metric tonnes the previous year.

The traditionally No1 export home, Spain, only took 32,880 tonnes during this period, compared with 125,128 tonnes last year.