EU Wheat Futures Hit Fresh 13 Month Lows
EU wheat futures set fresh 13-month lows in early trade Friday with Nov London feed wheat hitting £115/tonne and Nov Paris milling wheat hitting EUR173.50/tonne.
At 11.15am London time both contracts were slightly above session lows with Nov feed wheat at £115.50/tonne and Nov milling wheat at EUR174/tonne.
Both markets are now at their lowest levels since early August 2007.
Increased global supplies and falling commodity and stock markets are dragging wheat lower one trader said.
December wheat on the overnight eCBOT market is also sharply lower, down 22 1/2 cents to $7.54 1/2/bushel.
At 11.15am London time both contracts were slightly above session lows with Nov feed wheat at £115.50/tonne and Nov milling wheat at EUR174/tonne.
Both markets are now at their lowest levels since early August 2007.
Increased global supplies and falling commodity and stock markets are dragging wheat lower one trader said.
December wheat on the overnight eCBOT market is also sharply lower, down 22 1/2 cents to $7.54 1/2/bushel.