French wheat prices are falling

Euronext wheat fell on Wednesday, consolidating after last week's sharp rise as traders awaited an estimate of potential frost damage to US crops.

Buying Russian Wheat Egypt on Tuesday underscored Black Sea competition, although traders said the European Union's top supplier France's bountiful loading program helped prop up Euronext's prices.

Trading volume was low and many participants were absent from the tables during Christmas and New Year.

March Wheat (B2O3) on Paris Euronext fell 0,4% to 314 euros ($334,98) a tonne.

On Tuesday, the contract hit its highest level since November 30 at €316.

Source: UkrAgroConsult (Ukraine)

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