EU Wheat Closing Comments
EU wheat futures closed mixed Thursday with Paris November milling wheat ending EUR0.25 higher at EUR139.25/tonne, and London November feed wheat trading up GBP0.75 at GBP107.25/tonne.
Very wet weather across many parts of northern Europe is certainly a cause for concern, especially from a quality point of view.
Radar imagery shows equally, if not heavier, rains moving north east across northern France, Belgium, Holland and into northern Germany.
In the UK, the barley harvest had just about got going before the heavens opened and it hasn't stopped raining since. It's frighteningly reminiscent of last year.
They don't seem to be having this problem further east, quite the opposite in fact, with harvesting in Ukraine advancing well and recent dry weather aiding quality.
US wheat futures closed steadier, despite concerns over regulators readjusting rules concerning the size of speculators open positions.
Very wet weather across many parts of northern Europe is certainly a cause for concern, especially from a quality point of view.
Radar imagery shows equally, if not heavier, rains moving north east across northern France, Belgium, Holland and into northern Germany.
In the UK, the barley harvest had just about got going before the heavens opened and it hasn't stopped raining since. It's frighteningly reminiscent of last year.
They don't seem to be having this problem further east, quite the opposite in fact, with harvesting in Ukraine advancing well and recent dry weather aiding quality.
US wheat futures closed steadier, despite concerns over regulators readjusting rules concerning the size of speculators open positions.
