# Hopes of Middle East easing weigh on wheat and maize prices

> Euronext wheat closed November 2 at €228.25/t for December and maize at €256.25/t for November, with maize down €2.50. Oil fell sharply on Middle East de-escalation hopes, which Argus Media said pulled other commodities lower. Southern Hemisphere wheat supplies returning to the international market also eased wheat prices.

- Date: 2026-11-03 · published 2026-11-03T13:39:22.713Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/77802-hopes-of-middle-east-easing-weigh-on-wheat-and-maize-prices
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower energy costs and a firmer euro weigh on grain values, while new Southern Hemisphere wheat supply further limits upside, supporting cheaper feed ingredient costs for buyers.

## Read by commodity

- WTI: bearish ▼
- CORN: bearish ▼
- BRENT: bearish ▼
- WHEAT: bearish ▼

## Sources

- lafranceagricole.fr: https://www.lafranceagricole.fr/tendances-cereales/article/905626/les-espoirs-d-apaisement-au-moyen-orient-pesent-sur-les-prix-du-ble-et-du-mais

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