Ukrainian wheat, which is unprotected due to a lack of snow cover, will see substantial damage, according to Commodity Weather Group, as low temperature readings are likely again tonight. The forecaster adds that Russia will see light to moderate damage in nearly 15% of the wheat crop while France should see damage to non-dormant wheat in 15% of planted area. EU wheat futures are lower on fears the market rallied too strongly over the last two days due to cold European weather raising such concerns about winter crops. March Paris milling wheat trades down EUR3.00, or 1.4%, at EUR213.75/ton. (michael.haddon@dowjones.com)

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(END) Dow Jones Newswires

February 02, 2012 09:09 ET (14:09 GMT)