
Euronext September milling wheat closed 0.7% higher at 198.25 euros per tonne, supported by high Russian prices as Russian farmers slowly sell new crop. Repeated rain in Germany and Poland caused quality damage and interrupted harvesting, and a 63,000-ton cargo is set to load for Egypt.
Rain damage to German and Polish wheat quality and high Russian offers support European wheat prices. Continued wet weather could further tighten quality supplies.
After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
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.