US Wheat Futures +3.5% on EU Barley

US May wheat futures jumped 3.51% on Thursday, driven by strong EU barley export data.
EU barley shipments rose to 7.95 million tons, up from 4.40 million tons in the same period last year.
EU maize imports fell to 14.46 million tons, down from 17.26 million tons a year earlier, contrasting barley surge.
Jefferies analysts noted corn, wheat and soybean production costs range $4.5‑$5, $5.5‑$7 and $10‑$12 per bushel respectively.