# Crops Analysis | Wheat inches lower despite renewed Black Sea strikes - Pro Farmer

> Wheat prices eased despite renewed Black Sea strikes. December soybean meal fell $4.70 to $324.60 a ton, hitting a two-month low, and December bean oil rose 26 points to 65.90 cents.

- Date: 2026-10-30 · published 2026-10-31T10:05:18.590Z
- Category: market · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/2798-crops-analysis-wheat-inches-lower-despite-renewed-black-sea-strikes-pro-farmer
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Soybean meal weakness reflects softer feed demand and ample supply, which is bearish for feed buyers' input costs, while Black Sea strikes offer only limited wheat support.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- WHEAT: bearish ▼

## Sources

- profarmer.com: https://www.profarmer.com/pro-farmer-max/crops-analysis/crops-analysis-wheat-inches-lower-despite-renewed-black-sea-strikes

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