On 11 November, Euronext's MATIF wheat contract rose 5.75 euros per tonne, or 2.49%, to close at 236.25 euros per tonne, and rapeseed gained 12.50 euros. Corn also rose.
CBOT December SRW wheat gained 1.14%, closing at $5.995 per bushel, as the euro weakened and Black Sea export uncertainty persisted.
A weaker euro makes EU wheat cheaper for export buyers, and Black Sea shipping uncertainty tightens export supply, both supporting European grain prices. Feed buyers face higher costs for wheat and corn.
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.