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May-17 LIFFE Feed wheat tests £149/T resistance once again

Cereals Quiet start to the week for UK LIFFE Feed wheat futures prices with about 160 contracts traded, 10 on  Nov-18 expiry. After testing, its £149/T resistance level in early afternoon, the May-17 contract could not keep momentum despite a decline in the Sterling against both the euro and the US Dollar. Euronext milling wheat was treading water…

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UK wheat prices supported by weaker sterling

Cereals As the sterling weakened slightly today on weak economic data, UK wheat prices found some support. Turkey tender to buy 130KT of EU wheat. EU wheat prices consolidated today following recent rally, a stronger USD added to the pressure. Russia are reportedly considering selling some of their state grain stocks to free up storage…

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EU wheat markets consolidate / Oilseeds lower on large South American soy supplies

Cereals UK LIFFE wheat futures prices edged lower today in thin trading volume as the pound gained ground against the euro and despite tighter than anticipated stocks according to DEFRA. May-17 Euronext wheat reached its highest since the end of July 2016 at the open on ideas of further exports but it formed a doji which technically means a correction towards…

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