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EU wheat prices ease on bearish export outlook

Dec 7th, 2017

 

LONDON: European wheat prices fell on Wednesday, weakened by a fall in Chicago as a larger-than-expected crop in Canada and hefty supplies from the Black Sea region dimmed the outlook for exports. “The euro remains stubbornly strong and the outlook for new export sales is not very rosy,” one European trader said. “The Black Sea region seems to be experiencing a relatively mild start to the winter and exports from Russia and elsewhere are continuing to flow out at high volumes, seemingly without disruption from the weather.”

 

Source:https://www.brecorder.com/2017/12/07/385082/eu-wheat-prices-ease-on-bearish-export-outlook/

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