A bounce within the euro in opposition to the greenback curbed beneficial properties on Euronext by making western European grain dearer abroad. The latest slide in Euronext costs had made French wheat aggressive in opposition to Black Sea origins like Russian wheat, serving to maintain regular French shipments to core export locations like Morocco and West Africa.
However ample world provide, bolstered by large wheat harvests being gathered in Argentina and Australia, continued to hold over the market.
(Reporting by Gus Trompiz in Paris; Modifying by Alexandra Hudson)
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