Milling Wheat The wheat market in the Black Sea was rather quiet last week. Market sentiment remains bearish, as weather development has been favorable for the crops and demand has been slower than usual. Despite the heavy outlook, prices remained unchanged as most of the trading houses have already built short positions and the farmers have not started selling yet. The current outlook for 2013/14 is certainly not supportive for the wheat price. However, the harvest pressure in the Black Sea region is decreasing every year as the farmers have fewer financial and logistical constraints.Jordan bought 100,000 MT of optional origin wheat last week at $296.50.The EU allocated 203,000 MT of wheat export licenses last week, bringing the total t...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Farm Inputs, Europe