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European Wheat Prices Climb on U.S. Market Strength, China Deal Speculation
European wheat prices increased on Tuesday,(19 May) driven by gains in U.S. markets amid expectations of increased sales to China and declining crop ratings, as traders monitored results from Algeria’s wheat tender.
Dr.G.R.Balakrishnan May 21 2026 Exim & Trade News

European Wheat Prices Climb on U.S. Market Strength, China Deal Speculation

Benchmark September milling wheat on Paris-based Euronext closed 0.8% higher at 215 euros ($249.44) per metric ton.  Market participants noted that reports of China agreeing to purchase additional U.S. grains and soybeans require further details to maintain support. Several traders and analysts pointed out the absence of specifics regarding the agreement and confirmation from China.

“The news that China has agreed to buy more U.S. grains and soybeans needs more details to stay supportive,” one German trader said.  “Sometimes the devil is in the detail,” a French trader said.