Clearer Pricing Ahead for Wheat
Tue Nov 13, 2012 11:14 AM CST

GENEVA (Dow Jones) -- Current European Union wheat prices aren't yet reflective of tight supplies for the region, but early next year a clearer pricing direction will emerge to reflect the true supply-and-demand picture, a Rabobank analyst told Dow Jones Newswires on Tuesday.

"There is pressure on European supplies for early next year, for sure, as the market has assumed large levels of demand rationing in light of very disappointing production for European wheat at five-year lows," said Erin Fitzpatrick, grains analyst at Rabobank, ahead of the Global Grains conference.

This situation will likely lead Europe to rely on imports ...

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