EU wheat prices decline, tracking sharp falls in Chicago

- Euronext wheat fell on Thursday, dragged down by a sharp decline in Chicago grains and oilseeds, with the market focussed on trade talks between the U.S. and China.

September milling wheat BL2U6, the most-active position on Paris-based Euronext, settled 0.9% down at 213.50 euros ($249.33) a metric ton.

The decline was led by soybeans as hopes faded that top importer China might increase its buying target following trade talks between the countries' leaders.

Dealers also noted recent rains have brought relief to grain crops in Western and Central Europe after a very dry start to spring, reducing the risk of widespread yield losses ahead of this summer's harvest.

Expana on Thursday raised its forecast for the European Union's soft wheat and barley crops from last month, pointing to better conditions in parts of Europe.

In its latest cereals report, the commodity data firm

projected 2026 soft wheat production at 128.8 million metric

tons, up 0.1 million tons from its previous report but still 6%

below the 2025 crop.

Very good harvests are expected in Romania, Bulgaria and, to

a lesser degree, Spain, it said. Meanwhile, the return of

rainfall in France and Germany allayed fears of drought stress.

Dealers said activity in the physical market was subdued on Thursday due to public holidays in several countries including France and Germany.


($1 = 0.8563 euros)