Danish grain prices steady, seen rising

Danish grain prices held steady over the past week and are seen rising further on stable demand, traders said on Friday.
Sellers of Danish milling wheat, fob first-half January, wanted 155 euros ($197.3) a tonne, down one euro over the past two weeks, while buyers were at no more than 152.5 euros.
Trade in milling wheat had picked-up after the seasonal lull.
"We're also seeing a little more interest from feed compounders and millers. Their coverage isn't very good because they've waited to buy, hoping prices would ease," one trader said.
"We're getting less for the grains today than we were at the peak and that's another reason why we'll probably see rising prices again," a trader said, referring to the impact of recent dollar weakness.
Malting barley remained sluggish, with feed barley dictating the market.
"We still have a malting barley surplus in Denmark but it's still not trading since there's a lack of interest from maltsters. They seem to be well covered," a trader said.