# Australian grain prices: global markets fall, local values split | Farm Online | ACT

> Chicago and French wheat futures each fell about 4% over the week as traders took profit after the Black Sea-driven rally. Russian wheat offers were steady to slightly lower near $235-237/t, while higher freight and insurance costs cut into exporter margins. Australian cash prices diverged by region, with the dry northern belt firming.

- Date: 2026-07-29 · published 2026-07-29T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/18418-australian-grain-prices-global-markets-fall-local-values-split-farm-online-act
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Futures are shedding war premium, but physical shipping constraints and rising freight costs keep wheat exposed to another sharp move if export terminals are hit. Regional divergence in Australia reflects crop conditions rather than global direction.

## Read by commodity

- WHEAT: bearish ▼
- OCEANFRT: bullish ▲

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/9319189/australian-grain-prices-global-markets-fall-local-values-split/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.