EU wheat capped by firmer euro as Brexit signs wane

After 69 past bearish macro events, Wheat (SRW) moved a median -0.5% over 5 sessions (35% higher; middle half -2.6% to +0.8%), and -0.7% over 20.

• Jun 28, 2016EU wheat prices weaken as firmer euro dents export outlook-2.7%
• Jun 24, 2016Ag Commodities, Companies Slapped Hard by Brexit Vote - 24/7 Wall St.-7.8%
• Apr 29, 2025Wheat weakens, canola holds firm - Mecardo+2.1%
• Nov 23, 2016Wheat prices shed nearly one percent as eyes fixed on Fed's minutes-2.9%
• Jun 5, 2020GRAINS-Wheat falls as dollar bounces; soy firms on export business — Spot On Oklahoma-0.7%

After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% over 20.

• Jun 28, 2016EU wheat prices weaken as firmer euro dents export outlook+0.5%
• Oct 18, 2019Dollar weak as Brexit deal boosts euro; sterling in check-0.3%
• Jul 31, 2026Euro: Supported by growth surprise – Commerzbank-0.0%
• Dec 20, 2018Euro Outlook has Brightened as Currency Bloc's Stars Align for a Recovery+0.2%
• May 28, 2020Dollar weak as improved risk appetite, EU recovery fund hopes lift euro+2.5%