EU Wheat Closes Modestly Higher

EU wheat futures closed modestly higher Wednesday in a quiet trading session, for once, with currency and outside markets relatively steady.

Paris March milling wheat closed +EUR1.00 at EUR146.50/tonne, and London May feed wheat ended up GBP0.75 at BP115.OO/tonne with just 79 lots traded all day.

There was really very little activity to report, Tunisia bought 142,000mt optional origin wheat in a tender, but that will most likely come from the Black Sea.

Syria and Egypt are in the market for their usual amounts of wheat over the next few days.

Various Eastern destinations are also likely to book wheat & corn this week.

There is really very little to get carried away about.