EU wheat falls for fourth week on export gloom

PARIS/HAMBURG, May 2 (Reuters): European wheat fell for a fourth consecutive week despite a technical rise on Friday, knocked by a strong euro against the dollar hampering export prospects on world markets.

Benchmark September milling wheat on Paris-based Euronext, was up 0.7% at 207.75 euros a metric ton by 1600 GMT.

A lack of rain in some parts of northern Europe helped support prices.

By the same time, the most traded wheat contract on the Chicago Board of Trade was up 2% at $5.41-3/4 a bushel.