Monday, 18 October 2021

Euronext wheat futures little changed

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AMSTERDAM: Euronext wheat futures were little changed as the market consolidated while awaiting the outcome of a tender by Algeria, the largest overseas market for French wheat.

Expectations that Argentine wheat could claim a sizeable share of any Algerian purchase, together with a clean sweep for Russian wheat in a day-earlier tender by Egypt, were curbing Paris prices.

However, Euronext drew some support from a firm trend in Chicago and steady physical premiums in France, linked in turn to limited selling and a run of exports to China, traders said. March milling wheat, the most active contract on the Paris-based Euronext exchange, settled down 0.25 euro, or 0.1%, at 184.00 euros ($202.80) a tonne.

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