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European Wheat

European wheat futures rise as markets rally on US budget deal

January 03, 2013 European wheat futures rose on Wednesday in the first session of the new year as they factored in a late recovery in the last Chicago session and joined in a broad market rally after the US budget deal. Benchmark March milling wheat on the Paris futures market was up 3.75 euros or 1.5 percent at 252.50 euros a tonne by 1238 GMT. The rise also reflected technical underpinning as the contract faced chart support. "We're making up for the pick-up at the end of the New…

European wheat prices little changed

December 05, 2012 Wheat prices in western Europe were little changed on Tuesday with the strength of the euro weighing on prices but supportive fundamentals keeping them near contract highs. The euro extended gains on Tuesday on expectations a buyback of Greek bonds would go smoothly and as borrowing costs for indebted euro zone countries fell. "We're hesitating between continuing the price pullback and consolidating," a futures dealer said. January milling wheat on the Paris futures…

EU wheat at new highs on weak euro, poor US crop ratings

November 06, 2012: European wheat futures extended gains on Tuesday to set new contract highs as poor U.S. crop ratings reinforced expectations of tightening global supply while a weak euro maintained bullish export prospects for European wheat. * A fifth straight day of gains brought Paris futures further above a long-running consolidation zone. * But traders cautioned that the rally would have to be confirmed at the close given low volumes, with investors awaiting the outcome of…

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