EU Wheat Ends Slightly Lower Monday

EU wheat futures closed slightly lower Tuesday with Paris November milling wheat down EUR1 at EUR143.50/tonne, and London November feed wheat closing down GBP1 at GBP112/tonne.

It was another low volume session as farmers content themselves with getting on with the harvest. That is likely to be the theme of things for the next few weeks with producers hardly keen at current levels.

Wheat production in eastern Europe seems to be decreasing as the harvest there progresses.

A firmer pound and weaker dollar was bearish for EU grains however.