Quality problems with EU wheat

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Jhon Kumar
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Quality problems with EU wheat

Post by Jhon Kumar » Mon Jul 28, 2014 3:12 am

The day finished with Nov 14 London wheat down GBP1.45/ton at GBP126.30ton, Nov 14 Paris wheat ended EUR1.25/ton easier at EUR179.75/ton, Aug 14 Paris corn was down EUR2.50/ton at EUR156.25/ton, whilst Aug 14 Paris rapeseed fell EUR1.50/ton to EUR317.75/ton.
For the week that puts London wheat GBP2.70/ton lower and Paris corn EUR10.50 easier. Paris wheat did however manage a small rise of half a euro, as too did Paris rapeseed. Quality problems with the respective harvests of the latter two have supported prices for those this week.

Reuters reported that although protein levels are said to be OK, large proportions of this year's French wheat crop has Hagberg levels of 160 or less, rendering it virtually useless as milling wheat, and certainly not up to the standard wanted by traditional North African homes for French wheat. FranceAgriMer reported that the French winter wheat harvest had advanced to 44% done as of last Monday, up from only 5% complete a week previously.

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