# EU wheat capped by firmer euro as Brexit signs wane

> EU wheat prices were capped by a firmer euro as Brexit concerns eased. CME Group also announced it will launch European Union wheat futures in September to challenge Euronext in the world's largest wheat-producing zone.

- Date: 2016-06-20 · published 2016-06-20T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/10755-eu-wheat-capped-by-firmer-euro-as-brexit-signs-wane
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A stronger euro makes EU wheat more expensive for importers, limiting export competitiveness and capping prices. The new CME contract adds competition in EU wheat price discovery.

## Read by commodity

- WHEAT: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2016-06-28 | [EU wheat prices weaken as firmer euro dents export outlook](https://feedsoft.ai/events/11730-eu-wheat-prices-weaken-as-firmer-euro-dents-export-outlook.md) | -2.7% | -3.5% |
| WHEAT | 2016-06-24 | [Ag Commodities, Companies Slapped Hard by Brexit Vote - 24/7 Wall St.](https://feedsoft.ai/events/9750-ag-commodities-companies-slapped-hard-by-brexit-vote-24-7-wall-st.md) | -7.8% | -9.7% |
| WHEAT | 2025-04-29 | [Wheat weakens, canola holds firm - Mecardo](https://feedsoft.ai/events/25159-wheat-weakens-canola-holds-firm-mecardo.md) | +2.1% | -2.8% |
| WHEAT | 2016-11-23 | [Wheat prices shed nearly one percent as eyes fixed on Fed's minutes](https://feedsoft.ai/events/11917-wheat-prices-shed-nearly-one-percent-as-eyes-fixed-on-fed-s-minutes.md) | -2.9% | +0.6% |
| WHEAT | 2020-06-05 | [GRAINS-Wheat falls as dollar bounces; soy firms on export business — Spot On Oklahoma](https://feedsoft.ai/events/9494-grains-wheat-falls-as-dollar-bounces-soy-firms-on-export-business-spot-on.md) | -0.7% | +0.6% |
| EURUSD | 2016-06-28 | [EU wheat prices weaken as firmer euro dents export outlook](https://feedsoft.ai/events/11730-eu-wheat-prices-weaken-as-firmer-euro-dents-export-outlook.md) | +0.5% | -0.4% |
| EURUSD | 2019-10-18 | [Dollar weak as Brexit deal boosts euro; sterling in check](https://feedsoft.ai/events/56788-dollar-weak-as-brexit-deal-boosts-euro-sterling-in-check.md) | -0.3% | -0.7% |
| EURUSD | 2026-07-31 | [Euro: Supported by growth surprise – Commerzbank](https://feedsoft.ai/events/7691-euro-supported-by-growth-surprise-commerzbank.md) | -0.0% | +1.1% |

## Sources

- reuters.com: https://www.reuters.com/article/markets/commodities/eu-wheat-capped-by-firmer-euro-as-brexit-signs-wane-idUSL8N19C3JY/

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