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U.S. wheat futures fell over the past week, with December SRW down 3.2%, HRW down 2.2% and spring wheat down 0.7%; Paris wheat futures also declined. The article attributes the weakness to low export demand for U.S. wheat, improved weather in Australia and Argentina, favorable U.S. winter-wheat planting conditions, and importers delaying purchases while Russian wheat remained available in export markets.
Weak U.S. export demand and postponement of purchases reduce near-term demand for U.S. wheat, while improved crop conditions in Australia and Argentina add to competing supply prospects. These factors are bearish for wheat prices despite reduced U.S., Ukrainian and Russian production or exports.
graintrade.com.uaNov 10, 2026After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.
After 82 past bearish trade events, Wheat (HRW) moved a median -0.3% over 5 sessions (48% higher; middle half -2.8% to +1.9%), and +0.1% 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.
