# Wheat prices edge higher as WASDE report raises global stocks

> Wheat futures in Chicago and Paris rose after the November WASDE report, which raised global wheat stocks, and gains spread to Ukrainian and German cash markets. Chicago December HRW closed near $5.93/bu on November 10, and Euronext December milling wheat closed at €236.25/t on November 11, up 2.49% on the session.

- Date: 2026-11-12 · published 2026-11-12T15:08:03.643Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/95650-wheat-prices-edge-higher-as-wasde-report-raises-global-stocks
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Higher USDA ending stocks for 2026/27 cap wheat upside, but firm export demand and Black Sea risks support prices. Feed and milling buyers should expect modest near-term price firmness, with direction driven by USDA revisions and export activity through November.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-07-11 | [Global Wheat Stocks Revised Lower, Boosting Prices](https://feedsoft.ai/events/58151-global-wheat-stocks-revised-lower-boosting-prices.md) | +0.4% | -2.7% |
| WHEAT | 2020-12-16 | [Global wheat prices rises despite record stocks \| Miller Magazine](https://feedsoft.ai/events/49698-global-wheat-prices-rises-despite-record-stocks-miller-magazine.md) | +0.7% | +6.9% |
| WHEAT | 2018-06-28 | [Strong Demand Pushes Global Wheat Prices Higher - U.S. Wheat Associates](https://feedsoft.ai/events/64554-strong-demand-pushes-global-wheat-prices-higher-u-s-wheat-associates.md) | -4.2% | +0.8% |
| WHEAT | 2023-03-08 | [Report snapshot: higher U.S. and global corn ending stocks - Pro Farmer](https://feedsoft.ai/events/36816-report-snapshot-higher-u-s-and-global-corn-ending-stocks-pro-farmer.md) | -0.9% | -4.6% |
| WHEAT | 2021-10-01 | [UK harvest reviewed as US stock reports pushes global wheat higher: Grain market daily \| AHDB](https://feedsoft.ai/events/11319-uk-harvest-reviewed-as-us-stock-reports-pushes-global-wheat-higher-grain-market.md) | +5.1% | +8.6% |
| KWHEAT | 2019-07-11 | [Global Wheat Stocks Revised Lower, Boosting Prices](https://feedsoft.ai/events/58151-global-wheat-stocks-revised-lower-boosting-prices.md) | +0.1% | -5.3% |
| KWHEAT | 2018-06-28 | [Strong Demand Pushes Global Wheat Prices Higher - U.S. Wheat Associates](https://feedsoft.ai/events/64554-strong-demand-pushes-global-wheat-prices-higher-u-s-wheat-associates.md) | +4.7% | +16.0% |
| KWHEAT | 2021-10-01 | [USDA Stocks Report: Don’t sleep on wheat usage](https://feedsoft.ai/events/11316-usda-stocks-report-don-t-sleep-on-wheat-usage.md) | +1.3% | +8.0% |

## Sources

- commodity-board.com: https://commodity-board.com/weizenpreise-legen-leicht-zu-da-der-wasde-bericht-die-globalen-bestaende-erhoeht-die-nachfrage-jedoch-fest-bleibt

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