Wheat markets are currently under pressure. Euronext wheat futures for December dropped by €0.25 to €228.75 per tonne, while the December contract at the Chicago Board of Trade (CBoT) fell by 13.75 ct/bu to 585.25 ct/bu, equivalent to €197 per tonne. Improved weather conditions in the U.S. and Russia are weighing on prices, though Russia's persistent drought remains a risk for planting and future yields.

Forecast

In the short term, wheat prices are expected to remain stable, but uncertainties around Russian crops could lead to price increases in the medium term.





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