# Paris wheat retreats - Markets - Business Recorder

> European wheat futures slipped on Aug 31 from a four-week high, with December Euronext milling wheat down 1.7% at 324.25 euros a tonne after touching 332 euros. Chicago wheat also fell from a seven-week high, while Chicago corn dropped after a rally.

- Date: 2022-08-31 · published 2022-08-31T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/40061-paris-wheat-retreats-markets-business-recorder
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Growing Black Sea supply and cheap Russian offers are capping European wheat export prices, which keeps feed wheat values under pressure for buyers.

## Read by commodity

- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40194766

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