EU Wheat Ends Higher Monday

EU wheat began the week on a firmer footing with Paris November milling wheat closing up EUR1.25 at EUR127.75/tonne, and London November feed wheat finishing up GBP0.75 at GBP101.25/tonne.

Stories of drought in Ukraine affecting newly planted crops added some support today, as too did reports of a pick-up in demand from the ethanol sector.

In the UK too, winter wheat hasn't got off to the best of starts, with a generally very dry September and October to date threatening early crop development.

US wheat was firmer as persistent wet weather delays the soybean and corn harvest, threatening winter wheat plantings on land yet to be harvested.

The pound began the week where it left off on Friday, in steady mode, which kept a lid on UK price rises.

Egypt have released a shipment of French wheat that had been quarantined over supposed breach of quality standards, according to media reports.