EU wheat sees technical bounce as U.S. rally offsets euro strength.

European wheat futures rose sharply after a week-long slide, supported by a surge in U.S. prices that countered strength in the euro. Front month September milling wheat on Paris-based Euronext was settled 3.50 euros, or 2.1 percent, higher at 173.25 euros a tonne, after breaching chart resistance around 172.50 euros. European Union data showed EU soft wheat exports had reached 23.3 million tonnes by June 27, in the penultimate weekly data release for the 2016/17 season that ends on June 30. Soft wheat exports were down 26 percent from a year ago.