Today front Euronext wheat futures traded in an Open High Low range of 204.00 204.50 203.75.
That's pretty steady.
From Reuters, Dec. 10:
Euronext wheat ended little changed on Monday in the run-up to widely followed U.S. government data but improved export sentiment helped keep prices near an earlier two-week high.We'll be back after today's USDA WASDE report.
Benchmark March milling wheat on the Paris-based Euronext exchange settled 0.25 euro, or 0.1 percent, higher at 204.00 euros ($232.07) a tonne, after earlier rising to 204.50 euros, its highest since Nov. 23.
“Tomorrow’s USDA report provides another reason for the market to stand still,” a futures dealer said. “As long as the 200 euro level holds, there won’t be much selling pressure.”
Grain markets are focusing on Tuesday’s monthly supply-and-demand forecasts from the U.S. Department of Agriculture (USDA).
Euronext had drawn strength from Friday’s rally in U.S. wheat, which climbed 3 percent on the back of strong export figures before easing on Monday....MORE