EU Wheat Ends Mixed

EU wheat futures closed mixed, with London down but off session lows in a quiet end to the week Friday.

Paris November milling wheat closed up EUR0.50 at EUR130.50/tonne, and London November feed wheat closed down GBP0.25 at GBP98.25/tonne.

Wet weather is delaying the UK harvest, with the domestic winter barley crop around 60% cut, according to ADAS, well behind the 6 year average of 90% harvested at this stage.

It is still very early days for winter wheat, although harvesting in East Anglia appears to be turning out some decent yields and proteins, according to some reports.

The weather at home seems to have dried up since I returned to these shores, maybe I brought it back with me? Around 60% of the OSR crop has also been cut according to ADAS.

Yields are generally better than originally anticipated across western Europe, with the association of German farm cooperatives (DRV), now estimating the 2009 German wheat crop at 26.6 MMT.