# Paris wheat drops - Markets - Business Recorder

> European wheat on Euronext fell about 2% to 214.75 euros a ton as the euro strengthened against the dollar. Support came from a Sovecon cut to Russian export forecasts on expected stricter Russian export quotas.

- Date: 2024-11-26 · published 2024-11-26T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/11781-paris-wheat-drops-markets-business-recorder
- 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 in dollar terms and less competitive against Black Sea supplies, while Russian export quota tightening offers partial support.

## Read by commodity

- WHEAT: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-05-19 | [US MIDDAY: Soyabean, wheat and corn plunge - Markets - Business Recorder](https://feedsoft.ai/events/12365-us-midday-soyabean-wheat-and-corn-plunge-markets-business-recorder.md) | -2.8% | +2.2% |
| WHEAT | 2022-06-15 | [Corn, wheat, soya fall amid decline in financial markets - Markets - Business Recorder](https://feedsoft.ai/events/12701-corn-wheat-soya-fall-amid-decline-in-financial-markets-markets-business-recorder.md) | -2.3% | -13.8% |
| WHEAT | 2024-11-06 | [Wheat, corn and soy fall as market anticipates Trump win - Markets - Business Recorder](https://feedsoft.ai/events/10552-wheat-corn-and-soy-fall-as-market-anticipates-trump-win-markets-business.md) | -0.9% | -2.0% |
| WHEAT | 2022-10-29 | [Corn, wheat sag on firm dollar, concerns over US export demand - Markets - Business Recorder](https://feedsoft.ai/events/4932-corn-wheat-sag-on-firm-dollar-concerns-over-us-export-demand-markets-business.md) | -5.6% | +2.4% |
| WHEAT | 2020-03-09 | [Corn, soybeans, wheat drop about 2% as global markets recoil \| Financial Post](https://feedsoft.ai/events/11269-corn-soybeans-wheat-drop-about-2-as-global-markets-recoil-financial-post.md) | +6.0% | -2.1% |
| EURUSD | 2024-11-28 | [Euro jump, rising yen put brakes on the dollar - Markets - Business Recorder](https://feedsoft.ai/events/27641-euro-jump-rising-yen-put-brakes-on-the-dollar-markets-business-recorder.md) | -0.0% | -1.4% |
| EURUSD | 2021-09-09 | [Euro inches higher ahead of ECB decision on bond buying - Markets - Business Recorder](https://feedsoft.ai/events/45271-euro-inches-higher-ahead-of-ecb-decision-on-bond-buying-markets-business.md) | -0.1% | -2.3% |
| EURUSD | 2021-01-04 | [Dollar extends 2020 losing streak amid upbeat sentiment; yuan shines - Markets - Business Recorder](https://feedsoft.ai/events/12074-dollar-extends-2020-losing-streak-amid-upbeat-sentiment-yuan-shines-markets.md) | +0.2% | -1.7% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40334350

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