Euronext wheat futures for September delivery declined 0.5% to €201.50 per metric ton at 1526 GMT, touching a low of €200.25, the lowest level observed since June 16. The price drop follows a recent four‑week high recorded the previous Wednesday amid a record heatwave in France. Concurrently, maize futures on the same exchange surged to new contract highs, reflecting traders' assessment that extreme heat at the end of June has caused greater damage to maize crops than to wheat. Market participants are awaiting forthcoming reports from the U.S. Department of Agriculture on grain planting progress and stock levels later in the day, which are expected to provide further directional cues. Analysts note that French wheat is projected to be less impacted by the heat compared with maize, contributing to the loss of momentum in wheat prices. The article was generated with AI assistance and subsequently reviewed by an editor, as indicated in the publication notice.
Euronext Wheat Drops 0.5% as Maize Peaks
Agri Commodities
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