Euronext Wheat Price
Euronext September wheat traded at €203.50 per metric ton at 1620 GMT on 18 June 2026, unchanged from the previous session after earlier reaching €205.00, the highest level since 3 June.
Chicago Wheat Decline
Chicago wheat prices fell nearly 2% as the U.S. dollar index rose and oil prices slipped ahead of the Friday U.S. holiday closure.
Weather Influence
France experienced a heatwave with temperatures up to 40 °C, expected to persist for at least a week, which supported European maize prices and provided a tailwind for Euronext wheat.
Algerian Purchase
Algeria’s state grains agency OAIC bought approximately 800,000 tonnes of wheat on Wednesday, offering modest market support, although market participants expect most sales to originate from Black Sea supplies.
Market Context
The combination of the French heatwave, a stronger dollar, lower oil prices, and the Algerian procurement helped keep Euronext wheat flat despite the decline in Chicago grain markets.