# High costs loom over global grains while Australian values hold steady

> Chicago wheat has fallen for nine straight weeks, losing more than 23%, with Kansas and Minneapolis wheat following lower. Russian grain vessels were allowed to leave the Sea of Azov for the first time since July, and the European Commission cut its EU maize output forecast to 47.0 million tonnes.

- Date: 2026-11-04 · published 2026-11-05T00:05:41.747Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/80607-high-costs-loom-over-global-grains-while-australian-values-hold-steady
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Reopened Russian export routes and rising Argentine new-crop competition add supply, while the EU maize cut is supportive for corn; net effect is pressure on wheat values for feed buyers.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-08-22 | [Australian wheat under pressure from Ukraine, South America competition \| S&P Global](https://feedsoft.ai/events/40017-australian-wheat-under-pressure-from-ukraine-south-america-competition-s-and-p.md) | -9.3% | -9.7% |
| WHEAT | 2020-10-24 | [East coast wheat harvest signals an end to Western Australian grain imports - ABC News](https://feedsoft.ai/events/50603-east-coast-wheat-harvest-signals-an-end-to-western-australian-grain-imports-abc.md) | -0.9% | -5.0% |
| WHEAT | 2019-01-30 | [Headwinds ahead for Australian agriculture: Rabobank - Grain Central](https://feedsoft.ai/events/61048-headwinds-ahead-for-australian-agriculture-rabobank-grain-central.md) | -0.7% | -5.8% |
| WHEAT | 2022-12-07 | [Wheat steadies after one-year low, soybeans hold firm \| Financial Post](https://feedsoft.ai/events/6644-wheat-steadies-after-one-year-low-soybeans-hold-firm-financial-post.md) | +10.0% | +8.7% |
| WHEAT | 2020-12-09 | [What will happen to Australian barley exports? Grain Market Daily \| AHDB](https://feedsoft.ai/events/49705-what-will-happen-to-australian-barley-exports-grain-market-daily-ahdb.md) | -1.1% | +4.5% |
| CORN | 2022-08-16 | [China Grain Purchases Remain Steady After Concerns over U.S. Visit to Taiwan - ProAg](https://feedsoft.ai/events/14911-china-grain-purchases-remain-steady-after-concerns-over-u-s-visit-to-taiwan.md) | -3.7% | +2.5% |
| CORN | 2025-01-29 | [Ukraine corn prices surge as corn growers hold back stocks \| S&P Global](https://feedsoft.ai/events/26539-ukraine-corn-prices-surge-as-corn-growers-hold-back-stocks-s-and-p-global.md) | +1.0% | -1.0% |
| CORN | 2021-07-30 | [Australian malting barley ceiling falls, feed floor lifts - Grain Central](https://feedsoft.ai/events/46131-australian-malting-barley-ceiling-falls-feed-floor-lifts-grain-central.md) | -0.1% | -1.1% |

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/9384484/australian-grain-growers-face-price-pressure-as-rain-hits/

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