
Euronext September wheat fell 1% to 207.50 euros per tonne, an eight-month low, while Chicago wheat dropped about 3%. Rains in the US Plains and favorable Black Sea and Western European conditions raised harvest prospects.
A French wheat cargo sold to Egypt at $256 per tonne, competitive with Romanian and cheaper than Russian wheat.
Improved harvest outlooks and competitive French export pricing add supply and pressure feed wheat values in global markets.
After 334 past bearish weather events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.9% to +1.7%), and -0.2% over 20.
After 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% 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.