EU Wheat Closing Comments

EU wheat closed higher for the first day in eight with Paris March milling wheat ending up EUR1.50, at EUR127.25/tonne, and London May feed wheat closing up GBP1.35 at GBP104.75/tonne.

After several successive days of downside, it is maybe not too surprising that we finally have an upside day, although this does not mean that the downtrend is broken.

Demand is what we need to resurrect this market, and that is maybe the one thing that we haven't really got.

In the UK, the new Ensus bioethanol refinery at Teesside will finally go into production on Monday, according to market reports.

They were going to ask me to go up there and press "the big green button" myself but they know that I've got a bad back, and Mrs Nogger#3 is a very domineering woman.