# EU wheat declines - Markets - Business Recorder

> European milling wheat on Euronext fell 1.9% to 235.75 euros a ton, a six-week low, on thin demand. Traders said Russian wheat is being offered for export well below unofficial state prices, at about $240 a ton FOB.

- Date: 2023-08-31 · published 2023-08-31T12:00:00.000Z
- Category: trade · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/34620-eu-wheat-declines-markets-business-recorder
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Cheap Russian origins cap world wheat export values, pressuring feed wheat prices and competing with corn and barley in importing markets.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-06-19 | [EU wheat export outlook promising as harvest, Russia eyed - Markets - Business Recorder](https://feedsoft.ai/events/46641-eu-wheat-export-outlook-promising-as-harvest-russia-eyed-markets-business.md) | -8.4% | -11.3% |
| WHEAT | 2026-03-17 | [Chicago soybeans fall - Markets - Business Recorder](https://feedsoft.ai/events/5794-chicago-soybeans-fall-markets-business-recorder.md) | -0.6% | +1.9% |
| WHEAT | 2019-05-23 | [News Archives for Markets - 2019-05-23 - Business Recorder](https://feedsoft.ai/events/5436-news-archives-for-markets-2019-05-23-business-recorder.md) | -13.0% | -6.4% |
| WHEAT | 2020-06-10 | [Thailand group said to pass in feed wheat tender, buys barley - Markets - Business Recorder](https://feedsoft.ai/events/52687-thailand-group-said-to-pass-in-feed-wheat-tender-buys-barley-markets-business.md) | -1.1% | -5.3% |
| WHEAT | 2026-04-12 | [Soybeans hit two-week high as soymeal jumps - Markets - Business Recorder](https://feedsoft.ai/events/11663-soybeans-hit-two-week-high-as-soymeal-jumps-markets-business-recorder.md) | +3.6% | +0.8% |
| CORN | 2025-09-28 | [Soy futures slightly up - Markets - Business Recorder](https://feedsoft.ai/events/22898-soy-futures-slightly-up-markets-business-recorder.md) | -1.8% | -1.5% |
| CORN | 2024-10-20 | [Dry weather and Russian export concerns lift wheat - Markets - Business Recorder](https://feedsoft.ai/events/27908-dry-weather-and-russian-export-concerns-lift-wheat-markets-business-recorder.md) | +1.5% | +2.5% |
| CORN | 2026-03-17 | [Chicago soybeans fall - Markets - Business Recorder](https://feedsoft.ai/events/5794-chicago-soybeans-fall-markets-business-recorder.md) | +1.4% | -1.4% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40260738

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.