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Thursday, 22 August 2013

EU Grains Close Firmer, London Wheat Overpriced?

Posted on 00:34 by Unknown
21/08/13 -- EU grains closed firmer, with nearby Nov 13 London wheat closing GBP1.45/tonne higher at GBP155.45/tonne and with Jan 14 also up GBP1.45/tonne to close at GBP157.70/tonne. Nov 13 Paris milling wheat settled EUR1.00/tonne higher at EUR185.50/tonne.


Note that this puts Nov 13 London feed wheat at only around a historically low GBP3.00/tonne discount to Paris wheat.

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