On-the-Ground Updates

Good harvest yields in Russia and the US will drive wheat prices down in Europe

Wheat

Market & Price Trends

Innovation & Technology

Besim Donmez

Published Jun 19, 2020

Record high wheat yields expected in Russia and in the US are expected to drive global wheat prices down.
Lower harvest yield in Europe caused by droughts and heatwaves has caused the prices to go down for the first time since October 2019, going down below €180 per ton in the European commodity market.
The upcoming weak harvest season is looking stark for the main wheat exporters of Europe such as France, Germany, and Romania in terms of export opportunities.

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