European wheat prices were flat on Tuesday, shrugging off a fall in US futures and pressure from hefty global supplies as EU markets sought new impulse. December milling wheat on the Paris-based Euronext exchange was unchanged at 161.50 euros ($193.44) a tonne at 1603 GMT. The Paris market held up despite a 1.6 percent fall in Chicago wheat in early Tuesday trade and large wheat supplies available in leading global export countries.

"We must admit that the Matif (Euronext) is resisting the pressure, does not want to bend despite fundamentals that are still heavy and low export volumes," a trader said. On the French cash market, brokers noted a significant rise in barley prices for delivery in export ports such as Rouen and Dunkirk due to lower competition from the Black Sea region.

Ukraine has already sold a large part of this summer's crop and transport congestion is holding back Russian barley exports, traders said. German cash premiums in Hamburg were little changed, with internal market prices again unusually higher than in export ports. Standard bread wheat with 12 percent protein content was offered for sale unchanged at 2 euros over the Paris December contract for October delivery in Hamburg. "There is a slight technical firmness as delivery moves from September to October but underlying premiums are unchanged," one German trader said.

Copyright Reuters, 2017