WEAT•| Price | Last | Change | Pct Move |
|---|---|---|---|
| Paris wheat BL2U6 | 231.50 | 5.00 | 2.21 |
| Paris maize EMAX6 | 248.50 | -1.75 | -0.70 |
| Paris rapeseed COMc1 | 480.00 | -10.25 | -2.09 |
| CBOT wheat Wv1 | 673.25 | 12.50 | 1.89 |
| CBOT corn Cv1 | 474.75 | 3.00 | 0.64 |
| CBOT soy Sv1 | 1194.25 | 1.50 | 0.13 |
| Euro/dlr EUR= | 1.15 | 0.004 | 0.38 |
Most active contracts - Wheat, corn and soy US cents/bushel, Paris futures in euros per tonne
($1 = 0.8690 euros)
PARIS/HAMBURG, July 30 (Reuters) - European wheat rebounded on Thursday on reports of attacks on a major grain terminal in the port of Taman and was supported by heavy fighting in Russia and Ukraine auguring no end to the conflict.
September milling wheat BL2U6 on Paris-based Euronext was up 2.2% by 1456 GMT to €231.50 ($266.41) a metric ton after hitting €235.50 in earlier trade and on track for its first rise in six sessions.
Ukrainian drones attacked a grain export terminal at Russia's Taman port, on the Kerch Strait linking the Black Sea and the Sea of Azov, inflicting "significant damage", an agricultural market source told Reuters.
The terminal is controlled by Demetra, one of Russia's largest agricultural firms, and has a capacity of 5 million metric tons. Demetra declined to comment.
Drones also attacked a sunflower oil export facility at the port of Taman, sources said. However, one source said the damage was not significant.
"These attacks that are now clearly targeting grain terminals can only lower the volume that will come out of the region," a trader said. "The risk premium is too high for many."
Wheat prices have climbed in recent weeks after attacks on grain ships and port infrastructure in the Black Sea and the Sea of Azov by both Ukraine and Russia.
Shipping in the Sea of Azov and the Kerch Strait, which previously handled up to a quarter of Russian grain exports, has been halted due to drone attacks since July 10.
Recent wheat price increases are putting pressure on importers, as shown by Tunisia's latest wheat tender on Thursday.
Tunisia bought 75,000 tons of wheat at $286 per ton, including cost and freight, up from $270 per ton in its July 21 tender and $268.16 per ton in a June 4 tender before fighting between Russia and Ukraine intensified.
Russia pounded Ukraine with dozens of missiles and hundreds of drones in overnight attacks on Thursday. The capital Kyiv and the western region of Lviv on Ukraine's border with Poland were the main focus of the attack, the Ukrainian air force said.
Meanwhile, logistics problems for German grain transport were signalled as river Rhine shipping was hampered by water levels falling to near record lows.
