European wheat futures hit multi-month low amid global pressures

European wheat futures declined on Tuesday, nearing their lowest levels in several months due to global market pressures.

December wheat flour contracts, the most actively traded on the Euronext exchange in Paris, dropped 1.3% to €225.25 ($252.10) per ton at the close of daily trading.

The nearest-maturity contract was close to a three-and-a-half-month low at €223, while Chicago wheat prices also approached a four-month low.

Data from the London Stock Exchange Group showed that two vessels, each carrying over 60,000 tons of wheat from France, are scheduled to depart in the coming days for several countries.