# Nine Straight Weekly Losses, and Wheat's Slide Is Starting to Argue for a Floor | AInvest

> 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.

- Date: 2026-11-02 · published 2026-11-02T09:06:01.101Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/75192-nine-straight-weekly-losses-and-wheat-s-slide-is-starting-to-argue-for-a-floor
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

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.

## Read by commodity

- WHEAT: neutral
- KWHEAT: neutral

## Sources

- ainvest.com: https://www.ainvest.com/news/straight-weekly-losses-wheat-slide-starting-argue-floor-2611/

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