EU Wheat Closes Lower Following CBOT

EU wheat futures closed lower Tuesday following the lead set by weaker CBOT markets.

Paris November milling wheat fell EUR1.75 to end at EUR191.75/tonne and London November feed wheat fell GBP1.50 to end at GBP124/tonne.

UK weather remains a concern but despite widespread rains during August yields seem to be holding up reasonably well.

UK 2007/08 exports lagged behind the previous season according to recent data from the HGCA and 2008/09 prospects look bleak against big harvests elsewhere in Europe and the Black Sea.