1101 GMT [Dow Jones] EU wheat futures are higher, following an uncorroborated news report suggesting that Ukraine will ban wheat exports booked for after November 15. Commerzbank says the rumors are lending buoyancy to prices, though there’s no official confirmation as yet. “If it turns out to be true, 1.5 million tons of wheat would still be available for export before this date,” the bank notes. Meanwhile, Rabobank expects Europe’s wheat stocks-to-use ratio to fall to 6.1% in 2012-13, the lowest level since 1960.
