# Commodity Market Week 45: Grain Prices Under Further Pressure, Protein-Rich Ingredients Remain Scarce

> Grain prices came under further pressure amid ample crop prospects and expectations that Black Sea exports may become less disrupted; Matif wheat fell to its lowest level since mid-July. Russia’s IKAR lowered its wheat export forecast by 2.5 million tonnes to 39.5 million tonnes, while France resumed wheat shipments to Saudi Arabia for the first time since 2020. European availability of several protein-rich feed ingredients remained limited, although soybean meal prices edged lower, and low water levels continued to raise transport costs.

- Date: 2026-11-06 · published 2026-11-06T09:07:22.755Z
- Category: market · region Europe and Black Sea · magnitude low
- Page: https://feedsoft.ai/events/83643-commodity-market-week-45-grain-prices-under-further-pressure-protein-rich
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Ample global grain supply prospects and potentially smoother Black Sea exports weigh on wheat and other grain prices, while Russia’s lower export forecast could provide some support. Scarce protein ingredients and costly transport may tighten feed availability in Europe, though the reported decline in soybean meal prices points to near-term bearish pressure on that ingredient.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- melkveebedrijf.nl: https://www.melkveebedrijf.nl/management/grondstoffenmarkt/grondstoffenmarkt-week-45-graanprijzen-verder-onder-druk-eiwitrijke-grondstoffen-blijven-schaars/

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