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Euronext December milling wheat fell 0.9% to 192.25 euros per tonne after setting a contract low, and September wheat hit 188 euros. Russian export prices dropped to a one-month low as the Black Sea harvest builds, with Argus projecting Russia's 2025 crop at 86.1 million tonnes.
Growing Russian harvest supplies and lower Black Sea export prices add competitive pressure on EU wheat exports and weigh on global wheat values.
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.