# European wheat prices rise on strong US markets - Markets - Business Recorder

> 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.

- Date: 2020-07-30 · published 2020-07-30T12:00:00.000Z
- Category: market · region EU · magnitude low
- Page: https://feedsoft.ai/events/52051-european-wheat-prices-rise-on-strong-us-markets-markets-business-recorder
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Smaller French and Russian crops and firm US markets support global wheat values, while a stronger euro makes EU exports less competitive.

## Read by commodity

- WHEAT: bullish ▲
- EURUSD: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40009121

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