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Euronext May milling wheat settled 2.8% higher at 266.50 euros a tonne, recovering from an 18-month low the prior week. Traders cited bargain buying and uncertainty over the Black Sea grain deal after reports of a possible Russian export halt.
Uncertainty over the Black Sea corridor and renewed buying lift European wheat prices, though Russian competition in tenders still pressures bids.
kitco.comMar 27, 2023Not enough comparable past events yet for a historical read.
Not 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.
Euronext wheat rose 2.8% on 27 March on Black Sea uncertainty after the same Russian export halt reports, confirming the cross-market move, with bargain buying after an 18-month low adding to it.
