# The Bears Are in Charge as Wheat Prices Fall

> Barchart columnist Jim Wyckoff says March soft red winter wheat futures are trending down after hitting a four-month low last week, with technical support near $6.07 1/2 and a downside objective of $5.00. He notes moisture replenishment in the US Plains for next year's crops and slight progress on a Russia-Ukraine ceasefire and alternative grain export routes.

- Date: 2026-11-02 · published 2026-11-03T00:40:35.809Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/76739-the-bears-are-in-charge-as-wheat-prices-fall
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Improving Plains moisture and possible workarounds for Black Sea shipments reduce supply risk premiums, pointing to softer wheat prices that lower feed-grain input costs for buyers.

## Read by commodity

- WHEAT: bearish ▼

## Sources

- barchart.com: https://www.barchart.com/story/news/8594205/the-bears-are-in-charge-as-wheat-prices-fall

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