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Russian wheat prices for delivery from Baltic ports fell 1.5% in the week of November 2–8 to $257 per tonne, with estimates indicating a 7% decline over roughly two and a half weeks. Prices also weakened for wheat from Argentina, Australia and France, amid expectations that Black Sea shipping could resume and a good harvest in the Southern Hemisphere.
The prospect of restored Black Sea shipping and stronger Southern Hemisphere supplies increase export availability, putting downward pressure on wheat prices.
kommersant.ruАлександра МерцаловаNov 8, 2026Not enough comparable past events yet for a historical read.
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.
