# Russian export wheat prices fall amid expectations of peace talks in Ukraine

> Russian 12.5%-protein wheat offered FOB from Baltic ports for December delivery fell to $251 per tonne last week from $260 a week earlier, amid weaker demand as buyers awaited possible Ukraine peace talks. Russian wheat export estimates were also cut: IKAR lowered its 2026/27 potential to 39.5 million tonnes from 42 million, while October shipments were estimated at 2.9–3.1 million tonnes.

- Date: 2026-11-09 · published 2026-11-11T01:38:18.121Z
- Category: geopolitics · region Russia, Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/92753-russian-export-wheat-prices-fall-amid-expectations-of-peace-talks-in-ukraine
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Weaker buying interest and lower export offers are bearish for wheat prices, although the reduced export forecast points to tighter Russian export availability and may limit the decline. Any easing of Black Sea security concerns could also affect the competitiveness and routing of regional supplies.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-07-14 | [Wheat, soybeans fall on expectations of progress in Ukraine shipping talks - Supply Chain Council of European Union \| Scceu.org](https://feedsoft.ai/events/5976-wheat-soybeans-fall-on-expectations-of-progress-in-ukraine-shipping-talks.md) | +8.4% | +8.5% |
| WHEAT | 2022-05-26 | [Turkey in talks with Russia, Ukraine over grain-export corridor](https://feedsoft.ai/events/14488-turkey-in-talks-with-russia-ukraine-over-grain-export-corridor.md) | -1.9% | -2.9% |
| WHEAT | 2022-06-23 | [Russia, Turkey to pursue talks on Ukraine grain exports](https://feedsoft.ai/events/14476-russia-turkey-to-pursue-talks-on-ukraine-grain-exports.md) | +1.7% | -4.4% |
| 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 | 2022-05-26 | [Wheat continues to fall in price on the news of a possible unblocking of Ukrainian ports 26.05.2022 - UkrAgroConsult](https://feedsoft.ai/events/41432-wheat-continues-to-fall-in-price-on-the-news-of-a-possible-unblocking-of.md) | -1.9% | -2.9% |

## Sources

- kapitalvest.info: https://kapitalvest.info/2026/11/09/eksportnaya-pshenitsa-rf-tseny-snizhayutsya-na-fone-ozhidanii-mirnykh-peregovorov-v-ukraine/

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