# Wheat hits its lowest level since early July 🚩 Russia resumes exports. What are funds doing after the massive sell-off? | XTB

> CBOT wheat fell to its lowest since early July after nine straight weekly declines of more than 20%. Moscow allowed grain vessels to leave the Sea of Azov for the first time since July 10, and US export sales were strong, with China showing interest in SRW wheat.

- Date: 2026-11-04 · published 2026-11-04T15:05:25.575Z
- Category: logistics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/79855-wheat-hits-its-lowest-level-since-early-july-russia-resumes-exports-what-are
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Resumed Russian shipments from the Azov Sea add supply to global markets and pressure wheat prices, while speculative fund shorts raise the risk of a sharp rebound.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2026-07-29 | [Wheat exports expected to face the biggest impact from Black Sea port shutdown — opinian](https://feedsoft.ai/events/18463-wheat-exports-expected-to-face-the-biggest-impact-from-black-sea-port-shutdown.md) | -2.5% | +4.2% |
| KWHEAT | 2024-09-25 | [Lack of exports drags down KC spot wheat \| World Grain](https://feedsoft.ai/events/28351-lack-of-exports-drags-down-kc-spot-wheat-world-grain.md) | +4.8% | +2.7% |
| KWHEAT | 2022-07-28 | [Wheat prices fell in anticipation of the departure of grain ships from Ukrainian ports 28.07.2022 - UkrAgroConsult](https://feedsoft.ai/events/40531-wheat-prices-fell-in-anticipation-of-the-departure-of-grain-ships-from.md) | -3.0% | +4.0% |
| KWHEAT | 2023-08-30 | [Low Mississippi River level will challenge grain movement again this harvest](https://feedsoft.ai/events/12853-low-mississippi-river-level-will-challenge-grain-movement-again-this-harvest.md) | +4.5% | -2.8% |
| KWHEAT | 2026-06-03 | [Wheat Freight Costs Challenge Stronger Japanese Export Outlook - RFD-TV](https://feedsoft.ai/events/19024-wheat-freight-costs-challenge-stronger-japanese-export-outlook-rfd-tv.md) | +1.1% | -2.1% |
| WHEAT | 2026-10-28 | [CBOT soybeans fall, following wheat lower, as Russia issues Sea of Azov grain vessel permits — TradingView News](https://feedsoft.ai/events/71-cbot-soybeans-fall-following-wheat-lower-as-russia-issues-sea-of-azov-grain.md) | +0.2% | — |
| WHEAT | 2026-10-29 | [Wheat prices fall as Russian ships get the green light \| DCA Market Intelligence](https://feedsoft.ai/events/1282-wheat-prices-fall-as-russian-ships-get-the-green-light-dca-market-intelligence.md) | -0.4% | — |
| WHEAT | 2022-08-19 | [Baltic Dry Index Falls to Lowest Level Since 2020](https://feedsoft.ai/events/39924-baltic-dry-index-falls-to-lowest-level-since-2020.md) | -9.1% | -9.6% |

## Sources

- xtb.com: https://www.xtb.com/en/market-analysis/wheat-hits-its-lowest-level-since-early-july-russia-resumes-exports-what-are-funds-doing-after-the-massive-sell-off
- xtb.com: https://www.xtb.com/int/market-analysis/news-and-research/wheat-hits-its-lowest-level-since-early-july-russia-resumes-exports-what-are-funds-doing-after-the-massive-sell-off

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