# Chicago wheat retreats toward 4-month low on Russian export outlook | Stock Market News

> 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.

- Date: 2026-11-02 · published 2026-11-02T03:05:32.680Z
- Category: trade · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/74627-chicago-wheat-retreats-toward-4-month-low-on-russian-export-outlook-stock
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

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.

## Read by commodity

- SOY: bullish ▲
- CORN: neutral
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-12-07 | [Wheat prices touch 14-month low on surging Russian exports - Nikkei Asia](https://feedsoft.ai/events/6645-wheat-prices-touch-14-month-low-on-surging-russian-exports-nikkei-asia.md) | +10.0% | +8.7% |
| WHEAT | 2022-12-05 | [Wheat plunges to 3-month low on export competition](https://feedsoft.ai/events/6642-wheat-plunges-to-3-month-low-on-export-competition.md) | -9.5% | -0.8% |
| WHEAT | 2019-02-27 | [Russia could still export 4-5 million tons of wheat](https://feedsoft.ai/events/60447-russia-could-still-export-4-5-million-tons-of-wheat.md) | +1.3% | +5.4% |
| WHEAT | 2021-06-19 | [EU wheat export outlook promising as harvest, Russia eyed - Markets - Business Recorder](https://feedsoft.ai/events/46641-eu-wheat-export-outlook-promising-as-harvest-russia-eyed-markets-business.md) | -8.4% | -11.3% |
| WHEAT | 2021-11-22 | [Russian wheat exports on the rise - The Sizov Report blog](https://feedsoft.ai/events/14532-russian-wheat-exports-on-the-rise-the-sizov-report-blog.md) | -0.1% | -3.6% |
| CORN | 2023-05-01 | [Palm oil drops to one-month low on dwindling Malaysian exports](https://feedsoft.ai/events/4382-palm-oil-drops-to-one-month-low-on-dwindling-malaysian-exports.md) | +0.3% | -1.8% |
| CORN | 2023-03-29 | [Wheat jumps after Russia says Cargill to stop grain exports](https://feedsoft.ai/events/5078-wheat-jumps-after-russia-says-cargill-to-stop-grain-exports.md) | -0.1% | -1.3% |
| CORN | 2018-07-24 | [Due to higher prices, Russia increases wheat export](https://feedsoft.ai/events/63888-due-to-higher-prices-russia-increases-wheat-export.md) | +1.7% | +1.4% |

## Sources

- econotimes.com: https://econotimes.com/Chicago-Wheat-Nears-Four-Month-Low-USDA-Cuts-Russian-Export-Forecast-1768357
- brecorder.com: https://www.brecorder.com/news/40447018
- brecorder.com: https://www.brecorder.com/news/40447136
- livemint.com: https://www.livemint.com/market/chicago-wheat-retreats-toward-4-month-low-on-russian-export-outlook-11793587982303.html
- marketscreener.com: https://www.marketscreener.com/news/chicago-wheat-retreats-toward-4-month-low-on-russian-export-outlook-ce785fd8dd8ef02d

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