WEAT•| Last | Change | Pct Move | |
|---|---|---|---|
| Paris wheat BL2U6 | 229.50 | -2.00 | -0.86 |
| Paris maize EMAX6 | 243.50 | -2.75 | -1.12 |
| Paris rapeseed COMc1 | 535.75 | -5.25 | -0.97 |
| CBOT wheat Wv1 | 671.75 | -5.75 | -0.85 |
| CBOT corn Cv1 | 463.25 | -6.25 | -1.33 |
| CBOT soy Sv1 | 1196.25 | -5.50 | -0.46 |
| Euro/dlr EUR= | 1.14 | -0.003 | -0.22 |
Most active contracts - Wheat, corn and soy US cents/bushel, Paris futures in euros per ton
PARIS/HAMBURG, July 16 (Reuters) - European wheat futures fell on Thursday, paring some of the 7% jump recorded in the previous session, as traders weighed the impact of renewed Black Sea clashes between Russia and Ukraine on exports from the region.
Benchmark September milling wheat BL2U6 on Paris-based Euronext closed 0.9% lower at €229.50 ($262.57) a metric ton.
Traders were assessing whether the Ukrainian and Russian attacks on ports and shipping could generate new export sales for European Union origins.
"If the attacks on shipping continue and Russian and Ukrainian exports are hindered, you would have to expect some demand to be switched to the EU," one German trader said.
"This would come at a time when the heatwave has reduced wheat harvests in several countries including France and Germany, so potentially reducing export surpluses."
Some traders, explaining Thursday's pullback, said the previous session's price rise had risked making EU wheat uncompetitive.
"Be careful. If European prices rise too much they may lose the benefit of a potential shift in demand," a French trader said.
The market was also keeping an eye on crops as the harvest is in full swing in Europe.
The soft wheat harvest in France, the EU's largest producer of the cereal, is expected to fall 4% to 32.0 million tons this season, the French farm ministry said on Wednesday.
Meanwhile, farm office FranceAgriMer on Thursday pegged French soft wheat exports outside the EU at 7.0 million metric tons this season, down 5% from 2025/26.
In Germany, this year's wheat harvest is expected to fall 5.4% year-on-year to about 21.89 million metric tons, with crops suffering from a recent heatwave and scarce rain, the country's association of farm cooperatives, DRV, said in its latest estimate on Thursday.
This was down from the association's previous harvest estimate in June of 22.63 million tons of wheat.
