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Chicago wheat fell for a ninth consecutive week through October 30, the longest losing streak on the board since 1997. A record 32 million bushel US export sale and Chinese inquiries emerged, while USDA projected 2026/27 US wheat production down 20-25% due to Southern Plains drought.
A long losing streak with strong export demand and a sizable projected US crop cut points to a possible price floor, but managed money remains heavily short, leaving the direction unclear. Feed buyers may see cheaper wheat for rations while US supply tightness could lift prices later.
ainvest.comNov 2, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
