Wheat price starts week at slightly higher level

The wheat price recovery continued early this week with small pluses in the futures markets in Paris and Chicago. The September contract crept up to just above €230 per tonne in Paris. December delivery was around €320 per tonne on Monday, August 29, mid-afternoon. Bargain hunters sparked a price recovery last week after falling prices in recent weeks. This was followed by further price support related to lower corn harvest estimates. Concerns about soybean yields also help wheat prices.