LONDON (Dow Jones)--European wheat futures drifted lower on technical trading Monday as rising production estimates and heavy stocks weighed. "The whole market is running on a short book and is expected to become a bit weaker," said a London-based broker. November Paris milling wheat traded down EUR0.75, or 0.6%, at EUR119.25 a metric ton, with 8,825 lots moved. London November feed wheat ended down GBP0.50, or 0.5%, at GBP91.75 a ton, with 72 lots moved. Paris prices broke below psychological support of EUR120/ton, signaling potential for the market to take another step lower, said a Paris-based broker. Outright business was minimal because the physical market remained quiet. With no one wanting to buy while the market's falling and no one wanting to sell with prices so low, there's very little physical business being done, said the London-based broker. "The optimal Northern Hemisphere growing season reinforces our expectations of a global wheat surplus next year on top of already high inventories resulting from last year's robust harvests," said Goldman Sachs in a commodities note published Monday. "Recent rains have tempered concerns over the Australian crop, increasing the likelihood of a strong rebound in Australian production from drought inflicted harvests in recent years," said the bank. Standard-quality wheat prices in the French cash market delivered at Rouen were down EUR2 from Friday's prices at EUR112/ton. Paris-based November rapeseed traded down EUR5.50, or 2.1%, to EUR254.50/ton, with 3,057 lots moved. Liffe's Paris November corn traded down EUR1.00, or 0.9%, to EUR116.25/ton, with 372 lots moved.
Регион | Закуп. | Изм. | Прод. | Изм. |
---|---|---|---|---|
ЦФО |
29800.00 | + 650 | 30000.00 | + 840 |
ПФО |
28940.00 | + 990 | 29000.00 | + 950 |
СКФО |
29450.00 | + 750 | 30000.00 | + 1050 |
ЮФО |
29250.00 | + 1100 | 29700.00 | + 750 |
СФО |
29300.00 | + 900 | 29500.00 | + 1200 |
Регион | Закуп. | Изм. | Прод. | Изм. |
---|---|---|---|---|
ЦФО |
72000.00 | + 1000 | 73300.00 | + 50 |
ЮФО |
69800.00 | + 0 | 74000.00 | + 0 |
ПФО |
71500.00 | + 500 | 73100.00 | + 100 |
СФО |
72500.00 | + 500 | 74900.00 | - 100 |
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