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Front-month September Euronext milling wheat closed down 0.4% at 179.00 euros a tonne, its lowest since June 30. Traders weighed the French harvest cut against expected Russian supplies and Black Sea offers in an Egyptian tender.
A stronger euro against the dollar added pressure.
Routine price moves reflect ongoing competition between a smaller EU crop and larger Black Sea supply, with no decisive new shift in the balance.
brecorder.comReutersAug 5, 2020Not 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.
