- Location
- Lincolnshire
- Last week’s European markets were supported by the rainfall in Northern France and Germany, however looking forward to the coming week the forecast appears to be drier across the regions of concern.
- CBOT Dec16 Wheat broke above a 200 day average on Friday, regardless of funds remaining circa 90k contracts short.
- Tomorrow morning at 0900 GMT Eurostat will release figures on the EU’s GDP (YoY & QoQ), with a rising trend potentially having a bullish effect on the Euro.
- The UK can expect low cloud in the east will but retreat to the coast leaving most of the country in warmth and sunshine. However, there could be few isolated heavy thundery showers will develop during the afternoon across northern and western parts.
London July ’16 Settle £107.45/mt – up £0.70/mt from previous close.
London Nov ’16 Settle £119.65/mt – up £0.70/mt from previous close.
Paris Sep ’16 Settle €169.25/mt – up €1.50/mt from previous close.
Paris Dec ’16 Settle €173.75/mt – up €0.75/mt from previous close.
Currency today:
GBP EUR 1.2664
EUR GBP 0.7894
EUR USD 1.1337
GBP USD 1.4358