date:May 26, 2012
European wheat futures fell sharply this week due to a broad sell-off in commodities markets but feed grain prices continued unusually high.
Earlier this month, in western Germany, feed wheat for nearby delivery in the South Oldenburg animal feed grains market was offered for sale at 239 a tonne last week, compared to 232 for May delivery milling wheat in Hamburg.
The exceptionally cold winter which reduced feed grain exports from the Black Sea, positive European meat sales, and high soyabean