# Paris wheat eases after rally, Algerian tender results awaited - Markets - Business Recorder

> 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.

- Date: 2020-08-18 · published 2020-08-18T12:00:00.000Z
- Category: market · region EU · magnitude low
- Page: https://feedsoft.ai/events/51663-paris-wheat-eases-after-rally-algerian-tender-results-awaited-markets-business
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Routine price moves on Euronext reflect tender demand and Russian supply forecasts. The moves signal no major change in the balance for feed buyers.

## Read by commodity

- WHEAT: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40012863

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