European wheat markets steady as a slight rebound in Chicago futures and slow farmer selling underpinned prices in the face of lagging export activity. Traders were monitoring an intense cold spell building across Europe but said it was too early to talk of crop damage. May milling wheat on the Paris-based Euronext exchange settled 0.50 euro, or 0.3 percent, higher at 163.50 euros ($201.68) a tonne, equalling Tuesday’s three-week peak. However, the contract continued to face chart resistance at that level. There is still very little selling pressure from 2017 crop even though it’s nearly March,” a French cash broker said. “The market is tracking the incoming cold spell but that’s not prompting any precautionary buying.