Wheat Futures Climb – EU Crop Outlook and Ukraine Tensions Fuel Rally

➡ Wheat markets surged on Wednesday, with futures rising in both Paris and London. Dry weather across parts of Europe, uncertainty in Ukraine, and technical momentum supported gains across maturities.

📈 Price Overview

🔍 Key Market Factors

• 🇪🇺 Strategie Grains revised EU wheat crop down due to ongoing dryness in central and southeastern Europe

• 🇺🇦 Uncertainty around Ukraine’s grain corridor and trade regime fuels supply-side tension

• 🌎 Global wheat stocks are tightening, adding momentum to speculative buying

• 📉 Technical breakout in ICE Feed Wheat confirms trend reversal

🌍 Regional Weather Update

📊 Strategy & Technical Outlook

• 📈 Momentum and supply fears continue to support the rally

• 🛡 Hedging advisable if prices test €225/t resistance (Dec Euronext)

• 🔄 Volatility expected to persist until Ukraine’s trade status is clarified

🔮 3-Day Forecast (May 22–24)