French wheat prices hit record high amid Sea of Azov disruptions, EU heat wave

AI Summary

French wheat prices reached a record high on July 14 due to disruptions in the Sea of Azov region, geopolitical tensions in the Middle East, and worsening EU heat wave weather conditions. The elevated wheat prices reflect risks from geopolitical and climate factors impacting agricultural commodities.

French wheat prices hit a record high on July 14, as renewed geopolitical tensions around the Black Sea and the Middle East combined with worsening weather risks across the EU. Platts, part of S&P Global Energy, assessed wheat at Eur219.25/metric ton ($250.40/mt) FOB and Eur217/mt CPT Rouen on July 14, the highest since July 2025 ...