
Expanded Southern Hemisphere supply forecasts and weaker Chicago futures pressured European wheat prices. Eastern European weather problems reduced the milling-quality share of Romania’s 13.5-million-tonne crop to 55% from 85% last year, increasing feed-wheat availability; London feed wheat and Paris milling wheat futures also fell during the week.
The article additionally reports reduced U.S. flour and durum semolina production.
Larger competing supplies, including more lower-grade feed wheat, add pressure to wheat prices in Europe. Reduced U.S. milling output may offer some offsetting support to milling wheat demand, but the reported price tone is weak.
Not 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.