London wheat closed at £189.30/t last Wednesday before sliding £5.75/t to a low of £183.55/t on Monday. This is the lowest the May contract has traded since early May '24.
Paris wheat followed a similar pattern closing at €226.50/t on 27th November, trading to a low of €224.5/t on Monday before closing at €228.75/t on Tuesday.
Chicago's May '25 wheat futures contract was the most bearish, trading to its lowest point since the contract started in back in July 2022 and reaching a low of $5.506/bushel on Wednesday.