EU Wheat Falls, French Wheat Now Below EUR130
EU wheat futures continued to decline Thursday, with Paris-based milling wheat falling below the psychologically important EUR130/tonne mark.
By 1300 GMT January was trading EUR2 lower at EUR128.75/tonne, a level not seen on the front month contract since August 2006. January London-based feed wheat was GBP0.25/tonne lower at GBP91.00/tonne.
Spain has bought 120,000mt soft wheat from Ukraine according to reports. Another export order missed by UK wheat, even with an exchange rate at multi-year lows against the dollar.
In the UK wheat usage in animal feed increased by 6% in the year October 2007-October 2008, according to figures released today by DEFRA.
The total amount of wheat milled in the UK in the year from October 2007-October 2008 increased 4% to 503,000mt, they said. Of this, 414,000mt was grown in the UK, an increase of 8% on a year ago.
By 1300 GMT January was trading EUR2 lower at EUR128.75/tonne, a level not seen on the front month contract since August 2006. January London-based feed wheat was GBP0.25/tonne lower at GBP91.00/tonne.
Spain has bought 120,000mt soft wheat from Ukraine according to reports. Another export order missed by UK wheat, even with an exchange rate at multi-year lows against the dollar.
In the UK wheat usage in animal feed increased by 6% in the year October 2007-October 2008, according to figures released today by DEFRA.
The total amount of wheat milled in the UK in the year from October 2007-October 2008 increased 4% to 503,000mt, they said. Of this, 414,000mt was grown in the UK, an increase of 8% on a year ago.
