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Euronext wheat fell on August 18 after a rally to a three-week high, as traders awaited results of an Algerian tender for optional European-origin milling wheat. December milling wheat closed down 1.50 euros at 181.00 euros a tonne.
Rising Russian harvest forecasts also weighed on prices.
Routine price moves on Euronext reflect tender demand and Russian supply forecasts. The moves signal no major change in the balance for feed buyers.
brecorder.comReutersAug 18, 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.
