# Todd Hubbs Crop Market Update Analyzes Southern Plains Wheat, Global Grain Volatility - Oklahoma Farm Report

> Oklahoma analyst Todd Hubbs says Black Sea news has pushed hard red winter wheat lower, with cash prices near $6 and July 2027 futures at $6.90. He sees potential further declines toward $6.75.

- Date: 2026-10-23 · published 2026-10-23T12:00:00.000Z
- Category: geopolitics · region US · magnitude medium
- Page: https://feedsoft.ai/events/451-todd-hubbs-crop-market-update-analyzes-southern-plains-wheat-global-grain
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Lost geopolitical premium and seasonal weakness point to lower HRW prices, reducing feed wheat costs.

## Read by commodity

- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2026-06-17 | [Wheat markets shrug off US-Iran deal as freight, harvests take focus \| S&P Global](https://feedsoft.ai/events/16848-wheat-markets-shrug-off-us-iran-deal-as-freight-harvests-take-focus-s-and-p.md) | -5.4% | +0.4% |
| KWHEAT | 2022-11-01 | [Wheat futures tumble after Russia rejoins Black Sea grain corridor deal - Fastmarkets](https://feedsoft.ai/events/7290-wheat-futures-tumble-after-russia-rejoins-black-sea-grain-corridor-deal.md) | -2.2% | -7.9% |
| KWHEAT | 2023-08-23 | [US grain markets bumpy amid global challenges \| World Grain](https://feedsoft.ai/events/34625-us-grain-markets-bumpy-amid-global-challenges-world-grain.md) | -3.4% | -1.5% |
| KWHEAT | 2022-04-25 | [Can India help solve a widening global wheat supply crunch?  \| The National](https://feedsoft.ai/events/41813-can-india-help-solve-a-widening-global-wheat-supply-crunch-the-national.md) | -4.2% | +9.6% |
| KWHEAT | 2022-03-29 | [Wheat: Prices fall on peace talks, low demand \| Latest Market News](https://feedsoft.ai/events/42308-wheat-prices-fall-on-peace-talks-low-demand-latest-market-news.md) | -3.1% | +8.2% |

## Sources

- oklahomafarmreport.com: https://www.oklahomafarmreport.com/2026/10/23/todd-hubbs-crop-market-update-analyzes-southern-plains-wheat-global-grain-volatility/

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