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Wheat futures rose for a third consecutive session on November 10, with Paris December wheat gaining €3.75 per tonne and Chicago December wheat up 4.75 cents per bushel. The USDA raised its 2026/27 global wheat production estimate by more than 5 million tonnes to 827.5 million, mainly on improved harvest prospects in Australia, Argentina, Kazakhstan and Ukraine, and lifted projected ending stocks by 4.8 million tonnes; higher consumption, export demand and corn prices provided support to the market.
Larger projected production and ending stocks add to global wheat availability and are bearish for prices, while stronger consumption, export demand and corn prices offer some offsetting support.
en.boerenbusiness.nlJohn RamakerNov 11, 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.
