In Europe, and especially in France, there are some concerns about how wheat has fared over the winter. Rain, particularly in recent weeks, has caused some damage there, according to new figures from FranceAgriMer. While it's not the cause, it is playing a role in the rise in wheat prices, both in Paris and Chicago, to their highest level since last summer, says Jurphaas Lugtenburg, market specialist at DCA Market Intelligence.