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CBOT wheat futures fell to their lowest since August 5 and extended losses for a fifth session as traders reduced war-risk premiums after US pressure on Ukraine for a peace deal. Weak US export demand and Southern Hemisphere harvest pressure added to the decline, with wheat down 0.4% to 6.4075 dollars per bushel and corn down 0.2% to 4.61 dollars.
Lower wheat prices and weaker demand for US exports push feed wheat and corn values down, while peace hopes reduce the Black Sea risk premium that had supported prices.
alfallahalyoum.newsUsama BedirNov 4, 2026After 80 past bearish geopolitics events, Wheat (SRW) moved a median -0.4% over 5 sessions (44% higher; middle half -1.4% to +1.9%), and -0.5% over 20.
After 87 past bearish geopolitics events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.5% to +2.1%), and +0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
