EU wheat prices drop as Argentina harvests big gains

European wheat prices started the year with modest declines, despite support from a weaker euro. Both EU wheat imports and exports are notably lower than last season. Meanwhile, a record harvest in Argentina raises concerns about increased competition on the global market. The European wheat market began the first trading week of the year with losses, which were limited by the weaker euro. On Tuesday, January 6, there was a slight increase. The Paris futures market closed the day at €189.00