# Wheat near a 3-month low as France wins Saudi business, Abu Dhabi talks set

Matif and Chicago wheat fell again on Nov 3 as Russia, Ukraine and the US confirmed peace talks for Nov 10-11. French exporters are loading large wheat cargoes for Saudi Arabia, reportedly the first since 2020.

Published 2026-11-04 by the Feedsoft Markets Desk. Covers: WHEAT, KWHEAT.

Video (29s): https://feedsoft.ai/media/social/27/tiktok-fc33818dd5.mp4

## Transcript

- **Wheat is near a 3-month low** Chicago December wheat fell 6.75 cents to $5.99 3/4 a bushel on Nov 3. Matif December lost EUR 3 to EUR 225.25 a tonne.
- **France just won Saudi wheat business** Two ships are each loading over 60,000 tonnes of French wheat at Rouen and La Pallice. Reportedly the first big French wheat cargoes to Saudi Arabia since 2020.
- **Saudi Arabia usually buys Black Sea wheat** Black Sea export disruption is shifting some of that business to EU suppliers like France.
- **Peace talks add pressure on prices** Russia, Ukraine and the US confirmed talks in Abu Dhabi on Nov 10-11. Hopes of a Black Sea export recovery are weighing on wheat.
- **Black Sea headlines are steering wheat** For wheat buyers, Black Sea supply news is moving both prices and who sells to whom. The Nov 10-11 talks are the next date to watch.

Full analysis: https://feedsoft.ai/events/79690-france-benefits-from-russian-export-problem-grain-and-commodity-analysis

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