PARIS: Euronext wheat fell again on Thursday to near the €200 threshold for the first time since the start of the Iran war, as improved crop weather and the onset of Northern Hemisphere harvesting kept the focus on ample supply.
September wheat, the most-active contract on Paris-based Euronext, was down 0.6percent at €201.50 (USD234.30) a metric ton as of 1605 GMT, falling for a seventh consecutive session.
The contract earlier reached its lowest since February 24 at €200.25, but held above the psychological €200 floor.
“Improved rainfall forecasts across the US Midwest, Europe and parts of the UK have boosted confidence in 2026 crop potential, reducing the weather premium that had supported prices earlier in the season,” British merchant ADM Agriculture said in a note. “While tenders from destinations such as Jordan have emerged, they have not been enough to absorb increasing harvest supplies.”
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