# How the wheat price has erased its summer gains

> Wheat futures on Euronext have fallen sharply since mid-October, erasing much of the summer rally that peaked above €256/t in September. Analyst Laurent Gaonac'h of Cerexpert notes at least three sessions of declines in the past 10-15 days, each tied to Black Sea developments. French and European origins have not benefited as much as hoped from the Black Sea logistics blockage.

- Date: 2026-11-03 · published 2026-11-03T18:14:54.841Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/78156-how-the-wheat-price-has-erased-its-summer-gains
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Black Sea shipping headlines are driving wheat prices, and falling prices reduce feed grain costs for buyers while signalling that the logistics premium is fading.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-10-01 | [US Harvest Progress Caps Corn Gains as Black Sea Talks Pressure Wheat](https://feedsoft.ai/events/17499-us-harvest-progress-caps-corn-gains-as-black-sea-talks-pressure-wheat.md) | -2.9% | +0.5% |
| WHEAT | 2026-10-28 | [Wheat prices fall as global supply weighs on markets - Farmers Weekly](https://feedsoft.ai/events/443-wheat-prices-fall-as-global-supply-weighs-on-markets-farmers-weekly.md) | +0.2% | — |
| WHEAT | 2026-10-23 | [Wheat prices fall to 14-week low on Black Sea hopes \| Peepals](https://feedsoft.ai/events/449-wheat-prices-fall-to-14-week-low-on-black-sea-hopes-peepals.md) | -0.6% | — |
| WHEAT | 2022-03-17 | [U.S. grains: May wheats limit-down as peace talks progress - Manitoba Co-operator](https://feedsoft.ai/events/9944-u-s-grains-may-wheats-limit-down-as-peace-talks-progress-manitoba-co-operator.md) | +15.8% | +5.9% |
| WHEAT | 2022-04-25 | [Can India help solve a widening global wheat supply crunch?  \| The National](https://feedsoft.ai/events/41813-can-india-help-solve-a-widening-global-wheat-supply-crunch-the-national.md) | +8.0% | +12.3% |

## Sources

- agrodistribution.fr: https://www.agrodistribution.fr/cours/article/905640/comment-le-cours-du-ble-a-efface-ses-gains-estivaux

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