European wheat rose slightly on Thursday

European wheat rose slightly on Thursday, continuing the sharp increase from the previous day, as investor concerns about the war between Israel and Iran and adverse weather conditions in some wheat belts of the Northern Hemisphere contributed to an increase in short positions. September wheat on Euronext closed 0.5% higher at 209 euros ($239.47) per ton. Earlier, it rose to its highest level since May 22 at 209.75 euros, surpassing the previous four-week high from Wednesday. After tracking the wheat price spike in Chicago on Wednesday, Euronext initially lacked momentum on Thursday due to holidays in the US. "This is mainly related to the sharp rise in oil prices," said one futures trader. "Moreover, people are also talking about risks to winter wheat in the US, considering predicted heavy rains in Kansas and Nebraska, as well as abnormal heat in France, which will certainly have a certain impact on the harvest." Large short positions by investment funds in wheat made the market ...