Paris Wheat Prices Plummet Amid Euro Strength and War Disruptions

Wheat prices on the Paris futures market have been under pressure in recent days due to weak European export demand and a stronger euro. As of Tuesday, August 13th, the price for the September 2026 contract had fallen to €213.25 per tonne from €223.00 just six days prior. This decline is attributed to a decrease in export demand, which has become more challenging due to the strong value of the euro.

However, despite the current downward trend, there are concerns about future wheat supplies. Analysts predict that shipments and exports from Ukraine and Russia will fall significantly in the coming weeks due to ongoing military actions. This could potentially provide support to prices in the following weeks and months.

The impact of war on wheat exports is evident in forecasts for the 2026-27 season. Analysts expect a sharp decline in wheat shipments from Ukraine and Russia, two major exporters. Additionally, drought and heat have led to reduced maize production and lower wheat yields across Europe.