EU Wheat Close
November London wheat ended down GBP1.75 at GBP167.50tonne, with November Paris wheat EUR2.50 lower at EUR231.25/tonne.
The HGCA reported today that the UK's wheat crop is likely to be above average quality, with specific weights at the highest since 2003 at 77.3kg/hl, up 0.4 kg from last season and 1.3 kg above the three-year average.
That is lending weight to the argument that UK wheat is cheap relative to French material.
Open interest in Nov Paris wheat continues to decline, although it is still very large at 120,000 lots.
The HGCA reported today that the UK's wheat crop is likely to be above average quality, with specific weights at the highest since 2003 at 77.3kg/hl, up 0.4 kg from last season and 1.3 kg above the three-year average.
That is lending weight to the argument that UK wheat is cheap relative to French material.
Open interest in Nov Paris wheat continues to decline, although it is still very large at 120,000 lots.
