# Wheat market analysis: futures soften as Black Sea cash stabilises — CMB News

> MATIF and CBOT wheat drifted slightly lower at the start of November while Black Sea and EU physical cash prices stabilised after a volatile October. Euronext December 2026 wheat was quoted around EUR 228/t and CBOT December near 601-603 USc/bu.

- Date: 2026-11-02 · published 2026-11-02T09:06:00.949Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/75190-wheat-market-analysis-futures-soften-as-black-sea-cash-stabilises-cmb-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Stabilising cash prices and limited nearby downside suggest wheat is finding a floor, though tight margins and winter weather risks in exporting regions could support prices. Feed buyers face little immediate relief or pressure on wheat-based feed costs.

## Read by commodity

- WHEAT: neutral
- KWHEAT: neutral

## Sources

- commodity-board.com: https://commodity-board.com/wheat-edges-lower-as-futures-soften-and-black-sea-cash-finds-a-floor

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