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EU grains closed mostly lower on the day but mixed over the week ending 10 March 2017. London wheat rose on the week on weaker sterling and tight old-crop supply, while Paris wheat and rapeseed fell.
The HGCA reported a 5% drop in English and Welsh wheat area and a 1% fall in winter oilseed rape.
Tight old-crop UK wheat supply and a weaker pound support London wheat prices, while lower winter plantings point to tighter supply ahead. Paris prices are weighed down by the broader EU market.
2agriculture.comChris BruylantMar 16, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
