EU Grains Mixed

01/06/16 — EU grains traded mixed, with Jul 16 London wheat down GBP0.20/tonne at GBP105.90/tonne, Sep 16 Paris wheat unchanged at EUR164.25/tonne, June corn was up EUR1.75/tonne to EUR173.50/tonne and Aug 16 rapeseed closed EUR2.50/tonne lower at EUR374.25/tonne.Sideways trading is/was the name of the day, and looks set to remain so now until we get stuck into harvest 2016 or a proper US weather scare.

There’s some talk of the French labour dispute spilling over onto the grains sector, but no sign of that happening just yet.

If anything it’s excess rains that are more likely to be a problem there.

The pound closed back below 1.29 versus the euro last night.