Paris wheat slips amid mixed supply signals

PARIS: European wheat edged lower on Thursday, caught between near-stable wheat output forecasts, reports of strong demand for competitively priced European wheat, and a further decline in US markets.

Benchmark September milling wheat on Paris-based Euronext, closed 0.5percent lower at €215.75 a metric ton, having moved between €213.75 and €217.25 during the session. The International Grains Council (IGC) kept its global 2026/27 grains output forecast unchanged on Thursday at 2.414 billion metric tons, down 3percent from a year earlier and the first decline in four seasons.

Unconfirmed market talk was of west European wheat sales, possibly including French, German and Polish, to unusual destinations including Mexico, supporting prices.