EU Wheat Ends Mixed

Posted by Nogger - a legend in his own mind at 08:21 | Categorized as

27/10/11 -- EU grains ended mixed with Nov London wheat up GBP0.75/tonne to GBP151.75/tonne and Nov Paris wheat climbing EUR0.25/tonne to EUR186.75/tonne.

Relief rather than confidence that European leaders had managed to come up with an eleventh hour rescue plan lent modest support.

Brussels only approved 163,000 MT of soft wheat export licences this week, a fairly dismal total that highlights the sluggish pace of this season's sales in stark contrast to last year.

The news comes just 24 hours after French wheat was priced out of Egypt's latest tender to the tune of USD30.00/tonne.