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Wheat futures fell below $6 per bushel to their lowest level since early July as traders responded to plans for US-mediated Russia-Ukraine talks in Abu Dhabi and expectations of abundant global supplies. Corn and soybean futures also retreated to three-month lows, with the article citing a strong pace of US harvesting and ample global supply; US corn harvest progress was reported at 74% as of November 1.
Prospects for easing Black Sea tensions could support the restoration of grain export flows, while large harvests in the US and elsewhere add supply pressure. These factors weigh on wheat, corn and soybean prices.
doanhnghiephoinhap.vnTuệ LâmNov 9, 2026After 80 past bearish geopolitics events, Wheat (SRW) moved a median -0.4% over 5 sessions (44% higher; middle half -1.4% to +1.9%), and -0.5% over 20.
After 87 past bearish geopolitics events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.5% to +2.1%), and +0.3% over 20.
After 53 past bearish geopolitics events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -1.9% to +1.2%), and +1.0% 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.
