EU wheat falls with focus on Algerian tender
PARIS/HAMBURG, Oct 30 (Reuters) -European wheat prices fell on Wednesday on mounting doubts that Algeria would accept French wheat in its tender this week after excluding it from its previous wheat import tender in an apparent fallout from diplomatic tensions between Algiers and Paris.
Benchmark December milling wheat BL2Z4 on Paris-based Euronext closed 0.2% lower at 219.25 euros a metric ton.
Prices had been supported this week by market talk that Morocco may have bought several shiploads of French wheat in recent days.
Some French companies have received a tender invitation for Thursday's tender, which they generally had not received last time, traders said.
"We hear they can offer other origins but no French," one said.
Russian 12.5% protein November shipment wheat was quoted on Tuesday at around $236 to $237 a ton FOB after this week generally holding the unofficial minimum export price of $245 for November.
This was about the same as Romanian and Bulgarian wheat of the same grade.
Ukrainian November shipment 11.5% wheat was seen as the cheapest in export markets at around $223-$225 a ton against Russian 11.5% at $232-$234 a ton.
"Russian wheat is still looking very cheap but has lost much of the invincible price lead it held a couple of weeks ago," another German trader said.
Markets in north and east Germany are closed for a public holiday on Thursday.
Reporting by Sybille de La Hamaide in Paris and Michael Hogan in Hamburg; Editing by Richard Chang
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