Euronext Wheat Falls 1.9% After US-China Summit

Euronext September milling wheat fell 1.9% to €209.50 per metric ton, marking a third consecutive loss after retreating from €218.00 high.
Trump’s China visit and USTR Jamieson Greer’s remarks set expectations of “double‑digit billions” in purchases of US agricultural products over three years.
Funds liquidated long grain positions built during the Iran war, amid uncertainty if China will exceed its 25 million‑ton annual US soybean commitment.
USDA projected the smallest US wheat crop since 1972, which had earlier spurred a wheat price surge on Tuesday.