Showing posts with label Paris. Show all posts
Showing posts with label Paris. Show all posts
Paris wheat futures set eight-month low
Paris-based milling wheat futures continue to decline with May setting an eight-month low of EUR202.75 today as long-holders liquidate their stocks and roll positions forward.
The May/Nov differential is currently EUR7.50, down from EUR45 at the beginning of March.
November meanwhile has set a five-month low of EUR196.75.
Paris May Wheat -3.9%, Near 2-Month-Low
Liffe's Paris-based May milling wheat has touched -EUR10.50 today, or 3.9%, falling to EUR249.75/ton, near 2-month-low. There is follow-through weakness from Thursday's fall and further spillover pressure from CBOT wheat. Broker says speculators also trying to roll out of long May positions.
Standard cash wheat delivered to Rouen also -EUR7 at EUR260/ton.
The London May feed wheat future is down £5 to £179.50.
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