Euronext Wheat Down 0.5% Before US-China Summit

Euronext September milling wheat fell 0.5% to €215.50/ton after earlier rally to €218 and a 4% jump on Tuesday.
USDA projected the smallest U.S. wheat crop since 1972, below expectations, pushing Chicago and Kansas futures to their daily limits.
U.S. wheat futures slipped as traders awaited the U.S.-China summit between President Donald Trump and President Xi Jinping on agricultural trade.
The summit could affect Beijing’s purchases of U.S. grain and meat, influencing market sentiment.