London Wheat Report

European Union soft wheat exports since the start of the 2024/25 season in July reached 12.18 million metric tons by Jan. 26, up compared to 11.74 million the previous week, but down 37% from a year earlier, European Commission data showed on Tuesday. However, the Commission said export data for Italy has been incomplete for the past seven weeks. For France, data has been incomplete since the beginning of 2024, while export data for Bulgaria and Ireland has been incomplete since the beginning of the 2023/24 marketing year.
Wheat was on the charge late on this afternoon after a fall this morning. Chicago wheat rose into double figure gains whilst Matif and London also traded in the green. With Matif gaining three euros and London slightly up, perhaps the overpriced London contract in terms of Matif is starting to correct?
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