EU Grains Down Again, FAO Predicts Record World Wheat, Corn And Soybean Crops

05/09/13 -- EU grains closed weaker on harvest pressure and calls from the FAO for record world wheat, corn and soybean production in 2013/14.

London wheat hasn't been helped by the pound rising close to 1.19 versus the euro, a level it has only been above fleetingly since the first few weeks of the year. Both the Bank of England and the ECB left interest rates in the UK and Eurozone unchanged