European wheat prices fell on Tuesday as rain in Europe and the Black Sea region after several weeks of dry weather eased concerns about dryness causing damage to new crops.
Benchmark new crop December milling wheat on the Paris-based Euronext exchange settled down 0.6% at 187.75 euros ($203.3) a tonne.
"We were in a weather market and rainfall is easing some of the pressure," a trader said.
Rain has been falling in France and elsewhere this week and was spreading to Germany on Tuesday, relieving concern about dryness stress to crops after an almost rainless April in some regions.
In Germany, cash premiums in Hamburg firmed as extensive export shipments continued from German ports.
Standard bread wheat with 12% protein for May delivery in Hamburg was offered for sale at around 7 euros over the Paris May contract against 6 euros over on Monday. Buyers were offering around 5 euros over Paris. "Supplies continue to be called up to load ships in German ports which is supportive," one German trader said. "But after the big programme of export shipments this year the volumes of German wheat available for export are getting smaller."
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