# Paris wheat at highest since 2008 as tight supply in focus - Markets - Business Recorder

> Euronext wheat reached its highest front-month level since March 2008, with December milling wheat settling at 284.75 euros a tonne. Traders cited a lower-than-expected rating of US winter wheat, fertiliser supply tensions and North American drought concerns, alongside a brisk EU export pace.

- Date: 2021-10-26 · published 2021-10-26T12:00:00.000Z
- Category: weather · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/44580-paris-wheat-at-highest-since-2008-as-tight-supply-in-focus-markets-business
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Tight North American supply and strong European export demand push milling wheat higher, which raises feed grain costs for European and global buyers and supports corn and barley prices.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-02-16 | [Wheat at one-week high as freezing US weather in focus - Markets - Business Recorder](https://feedsoft.ai/events/9253-wheat-at-one-week-high-as-freezing-us-weather-in-focus-markets-business-recorder.md) | +1.3% | +0.2% |
| WHEAT | 2024-04-26 | [Wheat poised for biggest weekly rise in 2 years on supply fears - Markets - Business Recorder](https://feedsoft.ai/events/12142-wheat-poised-for-biggest-weekly-rise-in-2-years-on-supply-fears-markets.md) | -2.3% | +21.2% |
| WHEAT | 2021-04-23 | [EU wheat, rapeseed at fresh highs in grain surge - Markets - Business Recorder](https://feedsoft.ai/events/10292-eu-wheat-rapeseed-at-fresh-highs-in-grain-surge-markets-business-recorder.md) | +3.2% | -0.2% |
| WHEAT | 2021-09-14 | [Paris wheat and rapeseed rally on Canada crop forecasts - Markets - Business Recorder](https://feedsoft.ai/events/45015-paris-wheat-and-rapeseed-rally-on-canada-crop-forecasts-markets-business.md) | -3.3% | +4.8% |
| WHEAT | 2021-07-31 | [Wheat set for second monthly gain as drought cuts US yields - Markets - Business Recorder](https://feedsoft.ai/events/46098-wheat-set-for-second-monthly-gain-as-drought-cuts-us-yields-markets-business.md) | +1.8% | +2.3% |
| CORN | 2021-02-16 | [Wheat at one-week high as freezing US weather in focus - Markets - Business Recorder](https://feedsoft.ai/events/9253-wheat-at-one-week-high-as-freezing-us-weather-in-focus-markets-business-recorder.md) | +1.5% | -3.8% |
| CORN | 2024-04-26 | [Wheat poised for biggest weekly rise in 2 years on supply fears - Markets - Business Recorder](https://feedsoft.ai/events/12142-wheat-poised-for-biggest-weekly-rise-in-2-years-on-supply-fears-markets.md) | +1.5% | +4.4% |
| CORN | 2021-04-23 | [EU wheat, rapeseed at fresh highs in grain surge - Markets - Business Recorder](https://feedsoft.ai/events/10292-eu-wheat-rapeseed-at-fresh-highs-in-grain-surge-markets-business-recorder.md) | +10.5% | +8.1% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40129271

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