EU Wheat Ends Lower

EU wheat futures closed lower Thursday with Paris May milling wheat futures ending down EUR0.50 at EUR135.75/tonne, and London May feed wheat closing down GBP1.25 at 107.75/tonne.

Export interest for EU wheat remains light, Syria are in the market for 200,000mt wheat in a tender expected to be announced next week. Russia is likely to pick up the business as they did when Syria were last in the market a few weeks ago.

EU wheat appears to have largely emerged from winter dormancy in pretty good condition. It now remains to be seen how much inputs, or the lack of, will influence final yields.