Paris wheat falls in late trade, sowing delays in view
Adds market closed down
HAMBURG/PARIS, Oct 28 (Reuters) -European wheat prices ended down onMonday, after initially rising from aone-month low on Friday, with the market keeping an eye on delayed harvesting of autumn crops and winter grain sowings.
Benchmark December milling wheat BL2Z4 on the Paris-based Euronext closed down 0.1% at 216.50 euros ($234.19) a metric ton.
Weakness came from a 1.4% drop in U.S. futures in Chicago and concern about low Russian export prices.
In its latest report, EU crop monitor MARS cut its average grain maize yield estimate for a fifth consecutive month, citing heavy rainfall in southeast Europe.
It also noted excessive rain and waterlogging in September delayed plantings in many parts of Europe.
In France, the EU's largest grain grower, above-average rainfall caused delays in field preparations and early sowing, with the sown area projected to be in line with or slightly below the 5-year average, MARS said.
In rapeseed emergence and conditions of late-sown crops were diverse, andsome fields will need to be resown, it said.
Low Russianprices were also in view.
"There are again reports that Russian wheat is being offered in export markets below the unofficial minimum export price," one German trader said.
Russian 12.5% protein wheat wasquoted as low as $232 a ton FOB against the unofficial minimum of $245 for November.
In Poland, export prices fell in the last week but exporter purchasing was hampered by lack of farmer selling and high internal market prices.
Polish 12.5% protein wheat fell about 20 zloty in the past week to 970 zloty (223 euros) a ton for November port delivery.
"Unusually, prices in domestic markets are higher than in ports, partly because of thin supply cover while feed mills have higher needs for raw materials due to expanding poultry production," one Polish trader said.
Reporting by Michael Hogan and Sybille de La Hamaide, Editing by Tasim Zahid and Vijay Kishore
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