Showing posts with label London wheat. LIFFE. Show all posts
Showing posts with label London wheat. LIFFE. Show all posts
London wheat futures lowest since Nov slump
In the London feed wheat market Tuesday old crop July fell as low as GBP153.50/ton, its lowest point traded in the second-month chart since late November. July ended down GBP3 at EUR154/ton with 181 lots moved.
Volume remained lethargic following a recent string of holidays in various
European Union nations.
"It's a weather market and the new crop looks great," said a broker.
On the political front, the European Commission said it would likely extend current zero import tariffs for cereals into the new marketing year.
May LIFFE wheat chart: here
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