EU Wheat Extends Recent Losses

27/06/13 -- EU grains were mostly lower once more, extending recent losses with Jul 13 London wheat setting a fresh near 18 month closing low for a front month. Other London wheat months gained a bit of support from a sharply weaker pound which fell to a more than 3-week low against the dollar on ideas that the Bank of England will raise QE before too long, but still closed lower on the day.