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Chicago and Paris wheat futures advanced after the November WASDE raised global wheat stocks, with Chicago December SRW closing near $5.93/bu on November 10. Euronext December milling wheat settled at €236.25/t on November 11, and Odesa physical prices firmed.
Higher global stocks and rising 2026/27 production cap wheat's upside, but firm export demand and Black Sea logistics concerns support prices. The move follows the broader grain rally after the USDA report.
commodity-board.comNov 12, 2026Not enough comparable past events yet for a historical read.
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.
