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Euronext wheat rose for a second session on Thursday, moving away from a six-month low, while Chicago wheat recovered from a two-day drop after larger-than-expected US export sales. Algeria bought about 450,000 metric tons and Tunisia about 100,000 metric tons, absorbing Black Sea surplus.
The euro's rally against the dollar weighed on Euronext prices.
Import tenders from Algeria and Tunisia and reduced Black Sea competition support EU wheat export prices. A stronger euro lowers the dollar value of EU wheat and limits gains.
tradingview.comMar 13, 2025After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
After 12 past bullish trade events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (58% higher; middle half -0.6% to +0.9%), and +1.0% over 20.
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.
