# Wheat Prices Record Steepest Monthly Decline in Over Two Years

> Wheat prices fell 12.7% in September to $6.75 per bushel, their largest monthly decline since June 2024, after reaching an intramonth high of $7.95. The report attributes the decline to improved prospects for Russia-Ukraine peace, favorable weather, weaker demand, reduced concern about Black Sea shipping disruptions, and comparatively expensive U.S. wheat amid a strong dollar.

- Date: 2026-11-08 · published 2026-11-08T18:05:33.742Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/87720-wheat-prices-record-steepest-monthly-decline-in-over-two-years
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Reduced perceived disruption risk and favorable supply conditions weighed on global wheat prices, while weak demand and the strong dollar made U.S. exports less competitive. These forces imply bearish pressure on U.S. and Black Sea wheat values.

## Read by commodity

- DXY: bullish ▲
- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-03-29 | [Wheat: Prices fall on peace talks, low demand \| Latest Market News](https://feedsoft.ai/events/42308-wheat-prices-fall-on-peace-talks-low-demand-latest-market-news.md) | -9.0% | -3.6% |
| 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 | 2026-10-23 | [Wheat prices fall to 14-week low on Black Sea hopes \| Peepals](https://feedsoft.ai/events/449-wheat-prices-fall-to-14-week-low-on-black-sea-hopes-peepals.md) | -0.6% | — |
| WHEAT | 2024-11-26 | [​Brent crude oil, silver and wheat prices drop on Middle East de-escalation​ \| Levels to Watch \| IG International](https://feedsoft.ai/events/11779-brent-crude-oil-silver-and-wheat-prices-drop-on-middle-east-de-escalation.md) | -0.1% | +2.1% |
| WHEAT | 2023-05-17 | [Ukraine Black Sea grain deal extended for two months \| Reuters](https://feedsoft.ai/events/14391-ukraine-black-sea-grain-deal-extended-for-two-months-reuters.md) | -1.4% | -6.9% |
| KWHEAT | 2022-03-29 | [Wheat: Prices fall on peace talks, low demand \| Latest Market News](https://feedsoft.ai/events/42308-wheat-prices-fall-on-peace-talks-low-demand-latest-market-news.md) | -3.1% | +8.2% |
| KWHEAT | 2026-10-23 | [Wheat prices fall to 14-week low on Black Sea hopes \| Peepals](https://feedsoft.ai/events/449-wheat-prices-fall-to-14-week-low-on-black-sea-hopes-peepals.md) | -2.9% | — |
| KWHEAT | 2026-10-29 | [CBOT wheat falls to 3½-month low on peace hopes \| Adalytica](https://feedsoft.ai/events/1273-cbot-wheat-falls-to-31-2-month-low-on-peace-hopes-adalytica.md) | -2.3% | — |

## Sources

- coinsinsight.com: https://coinsinsight.com/1111806113/Wheat-Prices-Record-Steepest-Monthly-Decline-in-Over-Two-Years

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