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December Euronext wheat settled 0.4% higher on Friday at €233.50 a ton and gained 3.6% over the week, recovering from a four-month low set the previous Friday. Attacks on shipping have choked grain exports from Russia and Ukraine through the Black Sea, with Russian seaborne grain shipments down 56% in October.
Black Sea shipping disruption supports European wheat prices and boosts demand for French wheat, while abundant Argentine and Southern Hemisphere supply, including Argentina's raised 24.3 million ton forecast, caps the rally.
newsmetry.xyzNewsmetry newsroomNov 13, 2026After 292 past bullish logistics events, Wheat (SRW) moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.3%), and -0.1% 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.
