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European wheat prices rose as strong US markets and a French crop cut below 30 million tonnes pushed Euronext September milling wheat up 0.7%. A stronger euro limited the gains.
SovEcon also cut its Russian wheat forecast by 0.4 million tonnes to 79.3 million.
Smaller French and Russian crops and firm US markets support global wheat values, while a stronger euro makes EU exports less competitive.
brecorder.comReutersJul 30, 2020Not 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.
