Newsflash: Wheat awakens with strongest Euronext rally in over 8-months

News23/02/26

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Wheat prices sag, as markets await clear China, Algeria signals

• Wheat futures dip amid quiet trade and mixed China signals
• China soybean prices ease slightly after strong pre-holiday rally
• Brazil offers cheaper soybeans, limiting demand for US exports
• Global wheat markets mixed, with Algeria purchase impact muted
• Rapeseed edges up, supported by firm Chicago soyoil prices

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Global Crop Watch - US winter wheat drought risk concerns rise

Global weather alerts impacting production potential for major crops

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European wheat sees strongest gains in over 8-months

• Wheat rebounds after early tariff driven sell off
• Geopolitical tensions spark broad commodity short covering
• Odessa port disruptions escalate, slowing grain flows
• Algeria returns with first wheat tender in weeks
• London wheat breaks above 50 day moving average

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Global Crop Watch - US winter wheat drought risk concerns rise

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Wheat futures gain as USDA forecasts unusually small sowings

• USDA forecasts US wheat sowings at the second smallest in more than a century
• Dryness an issue too, encouraging further short-closing by funds, traders say
• Corn to lose 2026 area in US too, although soybean plantings to expand
• Brent crude hits $72/Bbl for first time in six months, on US-Iran tensions
• Helps rapeseed prices back above €490/t in Paris