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Chicago and Kansas City wheat trended lower last week on early selling, with a partial recovery late in the week. Both Russia and Ukraine reported export paces more than 50% below a year earlier.
US winter wheat emergence is ahead of normal.
Weak Black Sea export pace and ahead-of-normal US crop development keep wheat prices under pressure, though the market may be near a chart low.
feedlotmagazine.comSource Jack ScovilleNov 2, 2026Not 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.
