date:Dec 16, 2013
as waned over the past month or so.
With signs of traditional buyers (Japan) covering wheat from other origins, coupled with the price gap between wheat and corn within the US capping feed wheat demand, the US balance sheet will struggle to tighten further unless fresh demand is generated.
The EU cash market continues to underpin prices as continued strong export activity and fresh export enquiries add support. Egypt returned this week and purchased French wheat at an $8.50/t premium to Romani