EU Grains Post Mostly Small Weekly Gains

Posted by Nogger - a legend in his own mind at 14:09 | Categorized as

25/11/16 -- EU grains closed mixed, but mostly a touch higher on the day and for the week.

The day ended with Nov 16 London wheat up GBP0.95/tonne at GBP140.75/tonne, Dec 16 Paris wheat was unchanged at EUR168.25/tonne, Jan 17 Paris corn was also unchanged EUR166.50/tonne and Feb 17 Paris rapeseed was down EUR2.25/tonne to EUR401.75/tonne.

For the week London wheat gained GBP0.85/tonne, Paris wheat and corn both added EUR0.75/tonne and rapeseed advanced EUR4.25/tonne.

Many traders in the US remained absent following yesterday's Thanksgiving Day holiday, so activity was light and news was thin.

FranceAgriMer said that the French corn harvest was 98% complete, up 3 points in a week and the same as this time a year ago.

French winter wheat crop conditions good to very good fell one point from a week ago to 94%, which is 4 points below this time last year. Winter barley crop conditions were unchanged at 92% good to very good (versus 98% a year ago).

Russia said that they'd harvested 124 MMT of grains off 96.6% of the planned area. Corn harvesting is now 80.5% complete at 13.4 MMT.

Canadian growers are struggling to wrap up the last of their 2016 harvest with 6% of their spring wheat and 4% of canola crops still remaining in the field in the province of Saskatchewan as of Nov 21.