# EU wheat at near 3-month low as ample supply continues to weigh - Markets - Business Recorder

> European Euronext September milling wheat fell 1.1% to 181.50 euros a tonne, a near three-month low, on ample global supply and a stronger euro. USDA raised world ending stocks to a record 316.1 million tonnes, and Russian consultancies raised their wheat harvest forecasts. Rain in Germany eased dryness concerns, although the MARS service cut its EU soft wheat yield estimate.

- Date: 2020-06-15 · published 2020-06-15T12:00:00.000Z
- Category: report · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/11071-eu-wheat-at-near-3-month-low-as-ample-supply-continues-to-weigh-markets
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Record world stocks and higher Russian crop forecasts add export competition and weigh on global wheat prices, which lowers feed wheat costs. The EU yield cut limits the downside somewhat.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-05-12 | [EU wheat eases, rapeseed hits new high - Markets - Business Recorder](https://feedsoft.ai/events/11413-eu-wheat-eases-rapeseed-hits-new-high-markets-business-recorder.md) | -1.5% | -4.7% |
| WHEAT | 2023-10-04 | [Chicago wheat down - Markets - Business Recorder](https://feedsoft.ai/events/7138-chicago-wheat-down-markets-business-recorder.md) | +4.6% | +4.7% |
| WHEAT | 2022-04-17 | [French soft wheat crop rating stable - Markets - Business Recorder](https://feedsoft.ai/events/41779-french-soft-wheat-crop-rating-stable-markets-business-recorder.md) | -0.7% | +7.2% |
| WHEAT | 2025-06-24 | [Southern Europe lifts EU wheat yield outlook - Markets - Business Recorder](https://feedsoft.ai/events/24138-southern-europe-lifts-eu-wheat-yield-outlook-markets-business-recorder.md) | +1.4% | -1.8% |
| WHEAT | 2021-09-07 | [Australia lifts wheat forecast - Markets - Business Recorder](https://feedsoft.ai/events/45030-australia-lifts-wheat-forecast-markets-business-recorder.md) | +1.8% | +5.2% |

## Sources

- brecorder.com: https://www.brecorder.com/news/1004527

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