French wheat costs are near their highest in three years compared with U.S. grain and the premium is likely to rise as record food prices stoke demand from governments in North Africa seeking to end growing protests.
Wheat rose for a second day in Chicago on speculation dry weather may have hurt crops in France, Germany and the U.K., the largest European producers. Corn and soybeans gained amid planting delays in the U.S.
Pig prices in Germany jumped the most in three years as unseasonably warm weather prompted consumers to fire up barbecues at a time when the priciest U.S. hogs ever are boosting demand for European supplies.
French prices for durum wheat, the hard variety of the grain used to make couscous and pasta, jumped 5 percent as traders seek grain to fulfill a tender from Algeria, farm adviser Offre et Demande Agricole said.