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U.S. wheat futures were mixed, with Chicago SRW and Kansas City HRW lower while Minneapolis spring wheat gained. USDA export inspections showed 248,543 metric tons shipped in the week to November 5, down 14.72% from the same week last year, and marketing-year shipments were 35.6% below the prior year; USDA was due to release its WASDE report the next day.
The year-over-year export shortfall points to weaker U.S. wheat demand and can weigh on prices. Algeria and Turkey tenders offer potential import demand, while the WASDE report could alter expectations for U.S. stocks.
barchart.comAustin SchroederNov 9, 2026After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), 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.
