Euronext Wheat Futures Decline Following Trump‑Putin Call
The benchmark December wheat contract on the Paris‑based Euronext exchange settled 1 % lower at €247.25 per metric ton (approximately $287.30) after a report emerged that U.S. President Donald Trump and Russian President Vladimir Putin had spoken by phone. The call revived expectations of a diplomatic breakthrough to end the 4½‑year Ukraine war and to alleviate Black Sea grain‑trade disruptions, shifting market focus away from earlier disappointment over stalled progress during a weekend visit by U.S. envoys to Moscow and Kyiv.
Earlier in the session the contract had extended Monday’s gains and moved toward last week’s high of €259.25 before reversing direction and falling back to the €247.25 level. In the United States, Chicago wheat futures jumped more than 3 % in overnight trading as the market reopened after the Labor Day holiday, later trimming those gains.
The article, published on 8 September 2026 at 23:06 IST by editor Jaiveer Shekhawat, notes that the price movement reflects renewed hopes for a diplomatic resolution rather than fundamental supply‑demand shifts. The piece was generated with AI assistance and subsequently reviewed by an editor.