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US and European wheat futures rose for the first time in six sessions on June 27 after steep weekly declines. Chicago SRW July gained 6 cents to $5.27 per bushel and Euronext September added EUR 0.75 to EUR 196 per tonne.
South Korean millers also bought 85,000 tonnes of US wheat, and China and the US confirmed a trade agreement.
Buying from Korea and the US-China trade deal support export demand for US wheat, which may limit further downside after a sharp selloff. Feed buyers should expect wheat to stay supported relative to recent lows.
fastmarkets.comFastmarket teamJun 30, 2025Not enough comparable past events yet for a historical read.
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.
