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Euronext March wheat futures, the key benchmark for Ukrainian trade, have failed to settle above €190/t despite recent weather-risk headlines for the new harvest. Analysts say prices have trended lower for a long time and excess supply still outweighs demand.
The strong euro is also weighing on European competitiveness.
With the market stuck below €190/t and weather news failing to lift it, the price outlook remains soft for wheat buyers unless a real crop threat emerges.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.