# European wheat futures near multi-month lows on peace talks

> European wheat futures dropped toward multi-month lows as Russia and Ukraine confirmed negotiations for the following week. The Euronext December milling wheat contract settled 1.3% lower at €225.25 per metric ton, near a 3.5-month low. Chicago wheat also declined, moving closer to a four-month low.

- Date: 2026-11-03 · published 2026-11-03T21:06:48.014Z
- Category: geopolitics · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/78380-european-wheat-futures-near-multi-month-lows-on-peace-talks
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Expectations of de-escalation in the Black Sea conflict reduce the risk premium on wheat, since a settlement could restore grain trade flows. Feed buyers may see softer wheat prices as a result, though the outcome of the talks remains uncertain.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-03-29 | [Wheat: Prices fall on peace talks, low demand \| Latest Market News](https://feedsoft.ai/events/42308-wheat-prices-fall-on-peace-talks-low-demand-latest-market-news.md) | -9.0% | -3.6% |
| WHEAT | 2026-10-29 | [CBOT wheat falls to 3½-month low on peace hopes \| Adalytica](https://feedsoft.ai/events/1273-cbot-wheat-falls-to-31-2-month-low-on-peace-hopes-adalytica.md) | -0.4% | — |
| 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 | 2022-07-14 | [Wheat, soybeans fall on expectations of progress in Ukraine shipping talks - Supply Chain Council of European Union \| Scceu.org](https://feedsoft.ai/events/5976-wheat-soybeans-fall-on-expectations-of-progress-in-ukraine-shipping-talks.md) | +8.4% | +8.5% |
| 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% | — |

## Sources

- investing.com: https://www.investing.com/news/commodities-news/european-wheat-futures-near-multimonth-lows-on-peace-talks-93CH-4996233

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