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Euronext wheat edged down to near contract lows as Russian export competition and improved global supply prospects weighed on the market. Russia's deputy prime minister said the country will export 44.5 million tonnes in the 2024-25 season, and Sovecon raised its 2025-26 Russian export forecast.
Stronger Russian export competition and a large incoming EU crop point to continued pressure on wheat prices, especially for buyers sourcing feed wheat in Europe.
brecorder.comReutersMay 31, 2025Not 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.
