Rusia’s wheat glut keeps EU futures pressured

09.02.2024

Euronext wheat futures slid to new contract lows on Thursday as an unrelenting decline in Russian prices heightened concerns that Europe’s large wheat stocks would face stiff competition in export markets.

May wheat, the most actively traded position on Paris-based Euronext, was down 1.6% by 1517 GMT at 205.75 euro ($221.24)...