# Global wheat stocks rise, but shipping fears support prices

> The November WASDE raised projected 2026/27 global wheat ending stocks by 4.78 million tonnes to 280.82 million tonnes, driven by higher forecasts for Australia, Argentina, Kazakhstan and Ukraine. London feed wheat futures recovered modestly after the collapse of Abu Dhabi peace talks without a Black Sea shipping agreement, with Black Sea commercial shipping down 37% year-on-year in October.

- Date: 2026-11-13 · published 2026-11-14T00:06:51.676Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/98540-global-wheat-stocks-rise-but-shipping-fears-support-prices
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Larger global stocks are bearish, but the stalled Black Sea shipping deal restricts Ukrainian and Russian wheat exports and keeps European prices supported. Net, the shipping risk is currently outweighing the bigger supply picture.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-08-25 | [Russia’s wheat exports to Egypt: Why shipping costs are rising despite lower prices](https://feedsoft.ai/events/18113-russia-s-wheat-exports-to-egypt-why-shipping-costs-are-rising-despite-lower.md) | +1.7% | +4.5% |
| WHEAT | 2026-02-24 | [Russian wheat prices hold as storms snarl Black Sea shipments \| World Ports Organization](https://feedsoft.ai/events/14137-russian-wheat-prices-hold-as-storms-snarl-black-sea-shipments-world-ports.md) | +0.6% | +0.4% |
| WHEAT | 2023-08-08 | [After attacking Ukraine wheat exports, Russia faces own shipping challenge \| Reuters](https://feedsoft.ai/events/14369-after-attacking-ukraine-wheat-exports-russia-faces-own-shipping-challenge.md) | -1.2% | -8.0% |
| WHEAT | 2024-02-02 | [Weekly highlights - What the Red Sea shipping disruptions mean for grain prices - Graintab](https://feedsoft.ai/events/31561-weekly-highlights-what-the-red-sea-shipping-disruptions-mean-for-grain-prices.md) | -1.6% | -8.9% |
| WHEAT | 2022-03-09 | [Explainer: India's wheat exports surge as world prices soar \| Reuters](https://feedsoft.ai/events/42246-explainer-india-s-wheat-exports-surge-as-world-prices-soar-reuters.md) | -3.1% | +3.6% |

## Sources

- wearehectare.com: https://www.wearehectare.com/news/grain-market-update-20261113

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