Saturday, 9 October 2010

London wheat close yesterday

Feed wheat closed +6.2%; milling wheat 7.6%.

OK so the USDA report released around lunchtime yesterday did a lot to push prices north but the news from Ukraine would have certainly contributed.

So far this morning I have read very little comment on Ukraine export quotas. Is that because making official what has been widely accepted to have been going on anyway is not newsworthy?