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French wheat prices hit a record high on July 14, with Platts assessing wheat at Eur219.25/mt FOB, the highest since Platts began FOB assessments in July 2025. Ukrainian strikes on Russian tankers led Russia to halt shipping from the Don River into the Sea of Azov, a route handling about 25% of its wheat exports.
An EU heatwave also threatens late winter wheat and spring crops.
Export disruptions from Russia and weather stress in the EU tighten European supply and raise the price premium for wheat. Continued heat risk to spring crops could extend support.
spglobal.comFikayo Owoeye2026年7月15日在过去 361 次看涨的地缘政治事件之后，小麦(SRW) 在 5 个交易日内中位数变动 +0.7%（58% 上涨；中间一半区间为 -1.4% 至 +3.7%），20 个交易日内为 +1.3%。
在过去 94 次看涨的地缘政治事件之后，小麦(HRW) 在 5 个交易日内中位数变动 +0.1%（50% 上涨；中间一半区间为 -2.7% 至 +5.8%），20 个交易日内为 +0.1%。
历史可比事件尚不足，暂无法给出历史解读。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
French wheat hit a record on July 14 on the Azov halt and EU heat, which shows supply risk spilling into global prices on the move date.
French wheat hit a record on Azov disruption and EU heat, which lifted global price benchmarks and supported US futures by spillover.
