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European Wheat Prices Climb on Algeria's Tender | Markets & Money News
European wheat futures have rebounded on the Paris Euronext exchange, rising 0.3% to €242.75 per metric ton, supported by a tender from Algeria's state grains agency seeking to purchase around 50,000 metric tons of milling wheat. This move could lead to increased purchases, potentially removing several hundred thousand tons from the market. The euro's weakness aids exports, while ongoing geopolitical tensions and uncertainties about the Black Sea peace deal continue to influence price movements.
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