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Wheat prices continued declining, with Chicago December wheat near $220 per tonne, its lowest level since early July, and Euronext wheat at €227 per tonne. The analysis cited Russia allowing grain ships to leave Sea of Azov ports for the first time since July, strengthening expectations of renewed Black Sea export flows; US harvest pressure also weighed on Chicago corn.
The prospect of increased Russian grain exports adds to global wheat availability and puts downward pressure on prices. The US harvest is also adding corn supply, contributing to weaker corn prices.
fakti.bgTihomir ShumovNov 7, 2026After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), 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.
