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European wheat prices ticked up on Tuesday as traders weighed harvest prospects after recent poor weather, while export demand continued to be low.

Some buying interest was seen after price falls on Monday.

Benchmark December milling wheat on the Paris-based Euronext exchange unofficially closed up 0.5 euro, or 0.2%, at 187.25 euros a tonne ($204.7).

Prices remained within the recent range and volumes remained low as the market weighed harvest prospects.

The European Union's crop monitoring unit MARS on Monday cut its forecast for soft wheat yields in the bloc, citing dry and hot weather.

"The international demand for the new crop is rather subdued for now," French consultancy Agritel said in a note.

In Germany, the focus also remained on the weather, with more rain needed for wheat in the north and east of the country.

"People are no longer expecting top yields this year and although the harvest looks decent, we could get another reduction in crop estimates unless steady rain is received in the north and east in the rest of May and in June," one German trader said.

Standard bread wheat with 12% protein for September delivery in Hamburg was offered for sale little changed at around 1.0 euro under the Paris December contract. Buyers were offering around 2 euros under Paris.

Copyright Reuters, 2020

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