European Wheat Futures Remain Mixed With Changes in French, Russian Exports

Euronext wheat futures were mixed on Monday, with an upturn in export activity in France supporting front-month prices while expectations of improving flows from Russia weighed on deferred positions.

Benchmark December milling wheat on Paris-based Euronext settled 0.1% up at €228.25 ($255.78) a metric ton after the day session.

The front-month position posted a third straight daily gain as it recovered from a 3-1/2 month low of €223 struck last Wednesday.

Prices were pressured last month by increasing Russian exports through the Baltic Sea and news that Russian grain vessels may resume transit through the Sea of Azov, which raised hopes of war de-escalation in the Black Sea.

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