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London and Paris wheat futures fell to new contract lows in late November as global supply builds. Western Australia is set to record a large harvest, and USDA raised its Australian wheat estimate to 36 million tonnes.
Saudi Arabia bought 300,000 tonnes of milling wheat at $258 to $259.75, and a Trump-Xi call produced soybean cargo purchases but nothing for wheat.
Abundant export supplies from Australia and other major exporters point to continued pressure on wheat prices, which weighs on the value of wheat as a feed-grain alternative.
frontierag.co.ukNov 27, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
