EU Wheat Ends Mixed Monday

EU Wheat futures closed mixed Monday with Paris November milling wheat closing up EUR0.50 at EUR154.50/tonne, and London November feed wheat closing down GBP0.75 at GBP128.00/tonne.

It's been a quiet day with little fresh news to get too excited about. Media reports suggest that three Russian ships have now been impounded with wheat that the Egyptians are saying is unfit for human consumption.

Private sources suggest that this is a ruse by Egyptian officials who have been blatantly milking the system, and have been caught "with their hands in the till" who are using the excuse of quality to mask their own shortcomings.

Currency issues also influenced prices today, with the pound showing strength against the dollar, but the euro weakening.