EU Wheat Edges Cautiously Higher
EU wheat futures edged cautiously higher Thursday mainly influenced by outside markets such as rising equities and crude oil.
May Paris milling wheat closed up EUR3.00 to EUR136.25/tonne, and May London feed wheat traded up GBP0.25 at GBP108.50/tonne.
As has been a feature of many recent sessions there was not a plethora of fresh fundamental news, so outside markets had to come to the rescue.
America was sharply higher late on, which also added some support. US weekly export sales for corn were very robust, well above 1 MMT for the second week running.
Continued wet weather in the Midwest meanwhile is starting to delay corn plantings.
May Paris milling wheat closed up EUR3.00 to EUR136.25/tonne, and May London feed wheat traded up GBP0.25 at GBP108.50/tonne.
As has been a feature of many recent sessions there was not a plethora of fresh fundamental news, so outside markets had to come to the rescue.
America was sharply higher late on, which also added some support. US weekly export sales for corn were very robust, well above 1 MMT for the second week running.
Continued wet weather in the Midwest meanwhile is starting to delay corn plantings.
