EU Wheat Ends Lower
EU wheat futures closed with modest losses Monday. Paris January milling wheat ended down EUR1.75 at EUR139.50/tonne, and London May feed wheat closed down GBP0.60 at GBP98.90/tonne.
Export interest remains slack, although Syria reported buying 200,000mt of unknown origin wheat in a tender, this was most probably Russian wheat.
Farmer selling is light at current levels, but farmers may have to bite the bullet and come back into the market in the new year if they need the finance.
Buyers however have the luxury of being able to sit back and pick and chose when to buy, and who from, with plenty of countries looking for hard cash.
Export interest remains slack, although Syria reported buying 200,000mt of unknown origin wheat in a tender, this was most probably Russian wheat.
Farmer selling is light at current levels, but farmers may have to bite the bullet and come back into the market in the new year if they need the finance.
Buyers however have the luxury of being able to sit back and pick and chose when to buy, and who from, with plenty of countries looking for hard cash.
