# Global wheat trade slows amid weak demand and expectations of further price declines

> Global wheat trading slowed in early November as importers deferred purchases amid expectations of lower prices and competition among exporters. Black Sea milling wheat averaged $202.59 per tonne FOB in October, down 4.3% from September, while Eastern Mediterranean 12.5% protein wheat fell $12 per tonne week-on-week to $306 by November 2. Egyptian buyers held back as the Egyptian pound weakened to about 56 per US dollar and some importers had already secured near-term needs.

- Date: 2026-11-06 · published 2026-11-06T09:05:54.568Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/83630-global-wheat-trade-slows-amid-weak-demand-and-expectations-of-further-price
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Buyer hesitation and currency-driven import costs are weakening demand and pressuring wheat prices, despite reduced Black Sea shipments and maritime constraints. Continued competition among exporters could sustain downward price pressure unless supply disruption outweighs cautious buying.

## Read by commodity

- WHEAT: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/global-wheat-trade-slows-amid-weak-demand-and-expectations-of-further-price-declines/

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