Milling Wheat The Black Sea market feels a little heavy as there are not many buyers willing to pay current prices. The market went up too high and too quickly. A month ago, the 11.5 percent protein Black Sea wheat was offered close to $35/MT lower than today. At the same time, the French wheat was about $10/MT lower than today. As a result, French wheat has become more competitive than Black Sea. The market was not expecting that to happen so early in the campaign as Ukraine and Russia still have a combined remaining surplus on paper of about 10-11 MMT.Algeria bought 650,000 MT of French wheat last Friday at $295-$297.50/MT. These prices were considered to be very aggressive as the replacement calculation was about $5/MT higher.Egypt'...