EU Wheat Closing Comments

November London feed wheat closed GBP3.25 higher at GBP107.25/tonne, and November Paris milling wheat ended EUR5.00 higher at EUR145.75/tonne.

Suddenly ideas are emerging that all is not well with crop production around the world.

Russian, Kazakh and Hungarian output and quality are all suddenly being subject to serious trade scrutiny.

A sharply higher dollar late in the day also helped to support EU grains.

Everybody keeps talking the market down, so we are bound to have the odd "correction" now and again.

Tonight looks like we have witnessed one of them.