# Expertise

> 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.

- Date: 2025-11-27 · published 2025-11-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/22023-expertise
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

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.

## Read by commodity

- WHEAT: bearish ▼

## Sources

- frontierag.co.uk: https://www.frontierag.co.uk/news-events-and-expertise/expertise/frontrunner-27th-november-2025/

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