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Thursday, 16 May 2013

EU Wheat Extends Declines As Crop Prospects Improve

Posted on 11:46 by Unknown
16/05/13 -- EU grains closed lower as production prospects around the world improve. MDA CropCast today increased their global wheat production estimate by 6 MMT from last week, upping their coarse grain forecast by 12.7 MMT from a week ago and raising their world oilseed output forecast by 6.6 MMT versus last Thursday.


May 13 London wheat finished GBP4.00/tonne lower at GBP185.25/tonne and new
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