# European wheat prices fall as weak demand drives competition for buyers

> 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.

- Date: 2026-11-02 · published 2026-11-03T16:00:27.571Z
- Category: market · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/78063-european-wheat-prices-fall-as-weak-demand-drives-competition-for-buyers
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

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.

## Read by commodity

- WHEAT: bearish ▼

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/110226-european-wheat-prices-fall-as-weak-demand-drives-competition-for-buyers

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