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Chicago wheat futures fell toward a four-month low after expectations grew that Russia will expand grain exports, following reports that Russia let vessels leave the Sea of Azov for the first time since July 10. Corn and soybeans rose after recent sharp declines drew bargain buying.
Wheat is down nearly 25% from its early September high.
Expectations of larger Black Sea wheat supplies add bearish pressure to global wheat prices, while feed grain buyers benefit from wheat as a cheaper substitute in rations.
econotimes.comAdrian ValeNov 2, 2026
brecorder.comReutersNov 2, 2026brecorder.comReutersNov 3, 2026
livemint.comReutersNov 2, 2026
marketscreener.comReutersNov 2, 2026After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 82 past bearish trade events, Wheat (HRW) moved a median -0.3% over 5 sessions (48% higher; middle half -2.8% to +1.9%), and +0.1% over 20.
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.
