European wheat prices declined
2013-01-25 15:40:08
European commodity exchanges witnessed significant decrease in wheat prices on Thursday, January 24, 2013. Investors forecast that this is the lowest price for wheat this year. Wheat futures on Chicago Mercantile Exchange have indicated decline of -0.8% to 768.40 c/bu from 774.6 c/bu. March prices for milling wheat have declined by 4.75 EUR to 246.75 EUR/ton (329.94 USD/ton) on Paris commodity exchange MATIF. March prices of feed wheat have fallen by 1.75 GBP to 213 GBP/ton on London exchange LIFFE.
AgroInvest comment: It is most likely that we shall see an upward trend for European wheat prices from here on out.