# Paris wheat extends rebound on Black Sea corridor uncertainty | Kitco News

> 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.

- Date: 2023-03-27 · published 2023-03-27T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/5085-paris-wheat-extends-rebound-on-black-sea-corridor-uncertainty-kitco-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Uncertainty over the Black Sea corridor and renewed buying lift European wheat prices, though Russian competition in tenders still pressures bids.

## Read by commodity

- WHEAT: bullish ▲
- CANMEAL: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2023-03-27 | 1 | +7.1% | 7.5 | 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. |

## Sources

- kitco.com: https://www.kitco.com/news/off-the-wire/2023-03-27/paris-wheat-extends-rebound-black-sea-corridor-uncertainty

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