Paris, Sept 9 - European milling wheat futures briefly hit a 14-month low in early trade on Tuesday amid a broader sell-off in commodities, traders said.
By 1000 GMT, the benchmark November wheat contract was down 2.50 euros or 1.46 percent at 168.50 euros a tonne after briefly hitting a low of 166.50 euros earlier.
There is potential for a slight rebound in EU wheat prices, one French analyst said, stressing 168 euros was a key support level.
European wheat is increasingly competitive on the international market, he added, citing a growing advantage over U.S wheat that has been falling less sharply.
Euronext maize futures were sharply lower with new crop benchmark January down 4.75 euros or 3 percent at 153.75 euros a tonne. The contract hit a low of 153.50 euros a tonne earlier, a price not paid in nearly two years.
U.S. futures dipped in electronic trading on Tuesday with CBOT September wheat off 10-3/4 cents or 1.5 percent at $7.12 a bushel and September corn down 13 cents or 2.4 percent at $5.20 a bushel.
Grains markets in the United States were dragged down by a fresh surge in the dollar, triggered by relief over the government's bailout of giant mortgage firms Fannie Mae and Freddie Mac, as well as ongoing expectations of a big global crop.
The Reuters-Jefferies commodities index was showing a seven-month low as investors continued to liquidate positions on a rising dollar and falling crude oil.
Euronext rapeseed futures were also sharply lower with November down 5.00 euros or 1.3 percent at 367.50 euros a tonne after hitting a nearly 2-year low of 367.00 euros.