EU Wheat Ends At Lowest Since May 2007
EU wheat futures closed at their lowest levels since May 2007 Monday, weighed down by sharply lower outside markets.
Liffe Paris milling wheat ended down EUR5.00 at EUR155.00/tonne and London November feed wheat closed down GBP4 at GBP95/tonne. Both commodity's hitting levels last seen in May 2007.
Front-month Paris milling wheat has now lost over a third of its value from its peak of EUR250.75/tonne in February.
Liffe's Paris-based November corn closed down EUR5.50 at EUR129.00/tonne. November rapeseed closed down EUR14.50at EUR329.50/tonne.
Spec money continues to exit the commodities markets and grains are just one casualty amongst many. A quick glance down the headlines shows everything from crude to corn, sugar to soybeans, cotton to copper all setting recent lows.
CBOT wheat was sharply lower throughout the day, dipping below $6 a bushel for the first time in over a year.
Crude closed below $90/barrel and the DJI plunged 545 points, falling below 10,000 for the first time in four years.
Liffe Paris milling wheat ended down EUR5.00 at EUR155.00/tonne and London November feed wheat closed down GBP4 at GBP95/tonne. Both commodity's hitting levels last seen in May 2007.
Front-month Paris milling wheat has now lost over a third of its value from its peak of EUR250.75/tonne in February.
Liffe's Paris-based November corn closed down EUR5.50 at EUR129.00/tonne. November rapeseed closed down EUR14.50at EUR329.50/tonne.
Spec money continues to exit the commodities markets and grains are just one casualty amongst many. A quick glance down the headlines shows everything from crude to corn, sugar to soybeans, cotton to copper all setting recent lows.
CBOT wheat was sharply lower throughout the day, dipping below $6 a bushel for the first time in over a year.
Crude closed below $90/barrel and the DJI plunged 545 points, falling below 10,000 for the first time in four years.
