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Wheat prices were highly volatile during the week, rising to multi-month highs in Chicago and Kansas before correcting after China confirmed a 120,000 ton US wheat order far below rumored volumes. Russian export prices were stable with rising export estimates, Argentina and Australia expected to compete, and the weak euro supported EU exports.
Maize demand was firm, supported by export inspections and soybean market conditions.
Confirmed Chinese demand fell well short of expectations, and rising competition from Russia, Argentina and Australia caps wheat prices, while firm maize demand supports corn.
zmp.de2025年11月7日在过去 375 次看跌的贸易事件之后，小麦(SRW) 在 5 个交易日内中位数变动 -0.2%（47% 上涨；中间一半区间为 -2.0% 至 +1.1%），20 个交易日内为 -0.1%。
在过去 82 次看跌的贸易事件之后，小麦(HRW) 在 5 个交易日内中位数变动 -0.3%（48% 上涨；中间一半区间为 -2.8% 至 +1.9%），20 个交易日内为 +0.1%。
在过去 729 次看涨的贸易事件之后，玉米 在 5 个交易日内中位数变动 +0.4%（56% 上涨；中间一半区间为 -1.1% 至 +1.8%），20 个交易日内为 +0.5%。
历史可比事件尚不足，暂无法给出历史解读。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
Wheat corrected from multi-month highs after China confirmed a 120kt order well below rumors, with Russian and Argentine competition adding bearish pressure.
