EU Wheat Closing Comments
EU wheat ends with November London feed wheat down GBP1.25 at GBP104.25/tonne, and November Paris wheat EUR1.25 lower at EUR139.75/tonne.
Tender news was thin on the ground. Whilst German wheat won a reported 880,000 MT of the Saudi 990,000 high protein wheat tender over the weekend, French wheat did dip out again on Egypt's latest tender.
Harvesting is underway in Ukraine, with 88,500 ha of barley (producing 237,000 MT) cut as of June 21st, according to the Ag Ministry. A small amount of wheat and rapeseed has also bee harvested, they add.
Harvesting will also begin in southern France this week, according to medias reports.
Floods in eastern Europe awe a concern, with significant yield losses being predicted in Poland and the Czech Republic.
Tender news was thin on the ground. Whilst German wheat won a reported 880,000 MT of the Saudi 990,000 high protein wheat tender over the weekend, French wheat did dip out again on Egypt's latest tender.
Harvesting is underway in Ukraine, with 88,500 ha of barley (producing 237,000 MT) cut as of June 21st, according to the Ag Ministry. A small amount of wheat and rapeseed has also bee harvested, they add.
Harvesting will also begin in southern France this week, according to medias reports.
Floods in eastern Europe awe a concern, with significant yield losses being predicted in Poland and the Czech Republic.