# EU wheat prices mixed on Chicago slide, better export prospects - Agweek | #1 source for agriculture news, farming, markets

> Western European wheat prices were mixed on Monday as Chicago fell and a weaker euro improved export prospects for German shipments. The EU crop monitoring service reported a sharp drop in the bloc's soft wheat yield, led by France, and kept its below-average maize yield forecast.

- Date: 2016-10-24 · published 2016-10-24T12:00:00.000Z
- Category: report · region EU · magnitude medium
- Page: https://feedsoft.ai/events/10537-eu-wheat-prices-mixed-on-chicago-slide-better-export-prospects-agweek-1-source
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A lower EU soft wheat crop tightens European supply and supports prices, while a weaker euro makes EU wheat more competitive for export buyers.

## Read by commodity

- CORN: bullish ▲
- WHEAT: neutral
- EURUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2016-10-24 | 1 | -2.2% | -3.4 | Confirms the Chicago slide on 24 Oct and a weaker euro, though the EU yield cut was a partial offset, so it is only modestly explanatory. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-11-11 | [Can we really believe the numbers from China? - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/61986-can-we-really-believe-the-numbers-from-china-agweek-1-source-for-agriculture.md) | -0.2% | +0.8% |
| WHEAT | 2023-01-12 | [U.S. reduces corn, soybean harvest views - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/13310-u-s-reduces-corn-soybean-harvest-views-agweek-1-source-for-agriculture-news.md) | -0.6% | +2.0% |
| WHEAT | 2017-03-06 | [USDA releases new crop estimates for major crops - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/71835-usda-releases-new-crop-estimates-for-major-crops-agweek-1-source-for.md) | -0.2% | +0.3% |
| WHEAT | 2021-11-08 | [November WASDE neutral to bullish for grains - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/44005-november-wasde-neutral-to-bullish-for-grains-agweek-1-source-for-agriculture.md) | -1.8% | -2.2% |
| WHEAT | 2021-03-09 | [U.S. Department of Agriculture kicks can down the road on domestic stocks in March WASDE - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/48070-u-s-department-of-agriculture-kicks-can-down-the-road-on-domestic-stocks-in.md) | -0.2% | -0.4% |
| CORN | 2018-03-11 | [USDA report perplexes - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/65959-usda-report-perplexes-agweek-1-source-for-agriculture-news-farming-markets.md) | +1.7% | +5.0% |
| CORN | 2021-08-20 | [Market turns quiet after report - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12608-market-turns-quiet-after-report-agweek-1-source-for-agriculture-news-farming.md) | +0.4% | -6.4% |
| CORN | 2021-05-21 | [Surprises made May USDA report more negative than expected - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12366-surprises-made-may-usda-report-more-negative-than-expected-agweek-1-source-for.md) | +0.0% | -0.6% |

## Sources

- agweek.com: https://www.agweek.com/business/eu-wheat-prices-mixed-on-chicago-slide-better-export-prospects

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.