# Euronext wheat falls to 3-1/2 month low on euro, Black Sea hopes

> Euronext December milling wheat settled 0.6% lower at €224 per tonne, touching its weakest level since July 14. The decline followed a stronger euro against the dollar and expectations of better Black Sea grain trade after Russia-Ukraine talks.

- Date: 2026-11-04 · published 2026-11-04T21:05:48.488Z
- Category: geopolitics · region EU · magnitude low
- Page: https://feedsoft.ai/events/80424-euronext-wheat-falls-to-3-1-2-month-low-on-euro-black-sea-hopes
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A firmer euro makes EU wheat less competitive in dollar terms, and prospects of more Black Sea exports add supply. Both factors point to lower European wheat prices, with knock-on pressure on world feed grain values.

## Read by commodity

- WHEAT: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-04-25 | [Continued Macron relief rally helps boost EUR USD to extended 5 month high](https://feedsoft.ai/events/9730-continued-macron-relief-rally-helps-boost-eur-usd-to-extended-5-month-high.md) | +0.6% | +3.6% |
| EURUSD | 2017-04-24 | [Macron emerges on top as France urged to reject Le Pen \| CNN](https://feedsoft.ai/events/9729-macron-emerges-on-top-as-france-urged-to-reject-le-pen-cnn.md) | +1.9% | +4.6% |
| EURUSD | 2017-04-24 | [French Markets Surge as Euro Withstands Attack From the Right - The New York Times](https://feedsoft.ai/events/9726-french-markets-surge-as-euro-withstands-attack-from-the-right-the-new-york-times.md) | +1.9% | +4.6% |
| EURUSD | 2017-04-24 | [French election spurs equity market, euro rally](https://feedsoft.ai/events/9728-french-election-spurs-equity-market-euro-rally.md) | +1.9% | +4.6% |
| EURUSD | 2017-08-29 | [N.Korea missile and strong euro sink European stocks](https://feedsoft.ai/events/69667-n-korea-missile-and-strong-euro-sink-european-stocks.md) | -0.5% | -1.7% |
| WHEAT | 2026-10-23 | [Wheat prices fall to 14-week low on Black Sea hopes \| Peepals](https://feedsoft.ai/events/449-wheat-prices-fall-to-14-week-low-on-black-sea-hopes-peepals.md) | -0.6% | — |
| WHEAT | 2026-10-29 | [CBOT wheat falls to 3½-month low on peace hopes \| Adalytica](https://feedsoft.ai/events/1273-cbot-wheat-falls-to-31-2-month-low-on-peace-hopes-adalytica.md) | -0.4% | — |
| WHEAT | 2022-10-11 | [CBOT Wheat Futures Slide Amid Worries Over Black Sea Grain Trade](https://feedsoft.ai/events/5086-cbot-wheat-futures-slide-amid-worries-over-black-sea-grain-trade.md) | +3.1% | +4.3% |

## Sources

- au.investing.com: https://au.investing.com/news/stock-market-news/euronext-wheat-falls-to-312-month-low-on-euro-black-sea-hopes-93CH-4744075
- investing.com: https://www.investing.com/news/commodities-news/euronext-wheat-falls-to-312-month-low-on-euro-black-sea-hopes-93CH-5001014

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