EU Wheat Market Ends Quietly Mixed

EU wheat closed mixed Thursday, with little in the way of fresh impetus to influence prices one way or another.Paris March milling wheat futures closed up EUR0.50 at EUR134.00/tonne, whilst London May feed wheat futures ended flat at GBP112.50/tonne.

The trade seems to already have closed up shop for Christmas.

Stats Canada today pegged all wheat production there at 26.515 MMT, nearly 2 MMT up on their last September estimate.

Reports from Australia continue to indicate that a succession of 30+ degree days through much of November followed by very heavy rains have caused some issues with yields and quality.

Egypt reportedly bought 240,000 MT of Russian/German wheat in a tender today.