EU Wheat Continues To Drift Lower

EU wheat futures continued to drift lower Wednesday with November Paris milling wheat ending down EUR1.25, at EUR142.00/tonne, and London November feed wheat closing down GBP2.00 at GBP112.50/tonne.

We've got bigger than normal carryover, and an impending harvest, plus a tendency for markets to normally bottom at this time of year.

Certainly prices have come a long way in a very short space of time.