# Wheat Falls 1.3% on Russia-Ukraine Deal Hopes as Corn and Soybeans Edge Higher Ahead of Tuesday's WASDE Report

> Chicago December wheat fell 1.3% on November 6 after President Trump said he expected a Russia-Ukraine deal soon. Corn and soybeans edged higher ahead of Tuesday’s USDA WASDE report, while Kansas City wheat also declined and soybean meal rose.

- Date: 2026-11-07 · published 2026-11-07T18:05:40.075Z
- Category: geopolitics · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/86225-wheat-falls-1-3-on-russia-ukraine-deal-hopes-as-corn-and-soybeans-edge-higher
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Hopes for a settlement can reduce the geopolitical risk premium on Black Sea wheat supply, weighing on wheat prices. WASDE expectations and positioning contributed to modest gains in corn and soybeans, but no report data had yet been released.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-04-17 | [What are the deals on Ukraine, Russia grain exports? \| Reuters](https://feedsoft.ai/events/14397-what-are-the-deals-on-ukraine-russia-grain-exports-reuters.md) | +7.8% | -1.4% |
| WHEAT | 2023-05-17 | [What are the deals on Ukraine, Russia grain exports? \| Reuters](https://feedsoft.ai/events/14390-what-are-the-deals-on-ukraine-russia-grain-exports-reuters.md) | -1.4% | -6.9% |
| WHEAT | 2026-07-27 | [Soybeans and corn fall more than 2% as oil drops, wheat also down \| ZAWYA](https://feedsoft.ai/events/8284-soybeans-and-corn-fall-more-than-2-as-oil-drops-wheat-also-down-zawya.md) | -2.4% | +2.9% |
| WHEAT | 2026-06-16 | [Corn, Wheat And Soy All See Prices Drop On Prospect Of US-Iran Deal \| ESM Magazine](https://feedsoft.ai/events/18835-corn-wheat-and-soy-all-see-prices-drop-on-prospect-of-us-iran-deal-esm-magazine.md) | -0.9% | -0.7% |
| WHEAT | 2021-02-21 | [Ukraine, Russia ink deal to export grain on Black Sea](https://feedsoft.ai/events/48492-ukraine-russia-ink-deal-to-export-grain-on-black-sea.md) | +0.7% | -0.7% |
| KWHEAT | 2022-11-01 | [Wheat futures tumble after Russia rejoins Black Sea grain corridor deal - Fastmarkets](https://feedsoft.ai/events/7290-wheat-futures-tumble-after-russia-rejoins-black-sea-grain-corridor-deal.md) | -2.2% | -7.9% |
| KWHEAT | 2022-07-14 | [Wheat, soybeans fall on expectations of progress in Ukraine shipping talks - Supply Chain Council of European Union \| Scceu.org](https://feedsoft.ai/events/5976-wheat-soybeans-fall-on-expectations-of-progress-in-ukraine-shipping-talks.md) | +0.4% | +0.6% |
| KWHEAT | 2026-10-22 | [Russia's promise to resume negotiations with Ukraine led to a speculative 2.5% decrease in wheat stock exchange quotes in one day.](https://feedsoft.ai/events/17160-russia-s-promise-to-resume-negotiations-with-ukraine-led-to-a-speculative-2-5.md) | -3.4% | — |

## Sources

- zimbuck.com: https://zimbuck.com/blogs/1755/Wheat-Falls-1-3-on-Russia-Ukraine-Deal-Hopes-as

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