EU wheat firm as Algeria tender adds to export demand.

Euronext wheat futures edged higher as a tender announced by Algeria, the top buyer of French wheat, was set to add to recent run of export demand for western European origins. A bounce in Chicago futures and a rise in Russian prices also helped underpin Euronext, which nonetheless held in its recent trading range. Benchmark December milling wheat on the Paris-based Euronext exchange settled up 0.75 euro, or 0.4%, at 178.00 euros a tonne. Algeria issued an import tender to buy milling wheat for shipment in January, except for South American origins for which shipment was sought in December.

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