EU Wheat Ends Mixed, Mostly Lower

EU wheat futures closed mixed, mostly lower Tuesday, with London wheat ending with March unch at GBP92.75/tonne, and Paris March wheat down EUR1 at EUR115.75/tonne.

Trade is very quiet ahead of tomorrow's USDA report, even thought no great surprises are anticipated.

Winter wheat crops across Europe are slowly emerging from dormancy, although the jury is still out as far as any potential crop damage is concerned.

Japan is expected to buy 85,000 MT of US wheat tomorrow out of a 152,000 MT tender.

With the pound hitting well below 1.50 against the dollar today, export prospects for UK wheat should look quite bright.

In theory. In reality they probably aren't