LONDON May 20 Milling wheat futures in Paris
fell to an 11-month low on Monday with prices driven down by
improving crop conditions in key producing countries.
* Dealers noted cash markets were at a virtual standstill,
however, due to public holidays in several countries in western
Europe including France, Germany and the Netherlands.
* November milling wheat in Paris stood 0.75 euros
or 0.4 percent lower at 205.50 euros a tonne at 1140 GMT after
touching 204.75 euros, an 11-month low for the contract.
* "We are seeing good advancement in growth for the French
winter grain crop after the delays we had seen up until
recently," said Jaime Nolan-Miralles, commodity risk manager
with INTL FCStone.
* Analysts also cited an improved outlook for wheat crops in
the Black Sea region, the United States and Australia.
* "We can expect improving conditions for the Ukraine over
the next three days with additional rains expected in Western
and Central areas. The overall outlook for the Ukraine winter
grain crop remain favourable and concerns over dryness are
easing," Nolan-Miralles said.
* In Russia, the Institute for Agricultural Market Studies
(IKAR) raised its 2013 wheat crop forecast by 2.5 percent due to
a bigger-than-expected harvest in its largest growing region and
despite hot and dry weather in other regions.
* November feed wheat in London fell 1.10 pounds or
0.6 percent to 177.75 pounds a tonne, its lowest level since
(Reporting by Nigel Hunt; editing by James Jukwey)