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Platts CIF East Med and Black Sea wheat benchmarks softened as weak demand pushed sellers to compete for buyers. The Platts Black Sea FOB benchmark averaged $202.59/mt in October, down from $211.73/mt in September, and Russian Baltic 12.5% wheat fell to $258-$260/mt on Nov.
2 from the $270s the prior week.
Lower Russian export offers and weak Baltic demand point to cheaper wheat as a feed-grain substitute for buyers, while shipping disruptions in the Black Sea limit how far prices can fall.
spglobal.comVivian IroanyaNov 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.
