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Liffe wheat clutches on to gains, but may falter.

Business Recorder

| March 28, 2002 | COPYRIGHT 2002 Emmayzed Publications (PIT) Ltd. (Hide copyright information)Copyright

LONDON : Wheat futures held on to their previous gains at the close of trade on Liffe, aided by light bargain-hunting ahead of the long weekend, but prices may come under pressure in coming sessions, traders said on Wednesday.

Other European grain markets reflected the steady pace of trade seen in London.

Paris Euronext May wheat was last quoted at 110.00 euros a tonne at 1705 GMT, up from 109.25 euros on Tuesday.

Traders said that with a four-day weekend looming in London for the Easter break, players were uncertain in which direction to move.

"The trade is split between going long against potential gains in the US or looking at eastern …

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