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Commodities

Euronext Wheat Rises Amid Hopes of Fresh Export Demand

Guavy AI Editorial Team
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Wheat
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Euronext wheat prices rose for a second consecutive session on Friday, buoyed by hopes of fresh export demand.

The benchmark December milling wheat contract gained 0.7% to €240.75 per metric ton by 1458 GMT.

The euro's drop this week against the dollar has bolstered expectations that Western European wheat could be in contention for a Saudi import tender seeking 535,000 tons of wheat that closed on Friday.

Rising shipping costs may, however, hamper the chances of origins like French wheat, traders said.

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