Energy Markets
EU wheat gains for the third consecutive month
The European wheat futures are poised to make a third consecutive monthly gain in March. This is due to strong oil prices and a rebound on the wider markets, which was fueled by hopes for de-escalation in the Middle East. However, a strong euro on Tuesday dampened gains. Euronext's benchmark May milling grain was trading at 204.75 euro per metric ton as of 1600 GMT, up 0.5%. The benchmark May milling wheat on Paris-based Euronext was up 0.5% at 204.75 euros a metric ton by 1600 GMT. In Chicago, the price of wheat was $6.18 per bushel. One German trader...