EU Grains Mostly Higher In Quiet Trade

Posted by Nogger - a legend in his own mind at 12:27 | Categorized as

28/04/16 -- EU grains traded mostly firmer Thursday, with May 16 London wheat unchanged at GBP106.60/tonne, May Paris wheat was EUR1.75/tonne higher at EUR153.00/tonne, June corn was up EUR2.25/tonne to EUR165.00/tonne and May 16 rapeseed closed EUR1.75/tonne weaker at EUR367.25tonne.

Brussels issued export certificates for 599 000 MT of wheat during last week. Barely licences were a pleasing 174 000 MT.

Russia's Ag Min said that they'd exported 22 MMT of wheat so far this season (out of a 62 MMT harvest), and increased it's forecast for full season exports estimate to a record 24-25 MMT.

Saudi Arabia has announced a tended or 550,000 MT of 12.5% hard wheat for Jul/Aug delivery with the results expected over the weekend.

Activity is light ahead of Monday's Bank Holiday, with some trader's already away from their desks.