Actual
585.81
Daily Change
-2.19 -0.37%
Monthly
-12.86%
Yearly
9.29%
Q4 Forecast
599.37
Wheat - Summary

Wheat rose to $6 per bushel, recovering from a near four-month low hit on November 4, as a tight Russian export outlook heightened concerns over global supplies. IKAR slashed its 2026–27 wheat export forecast from 42 million to 39.5 million metric tons, according to Interfax. Total grain export estimates were similarly downgraded to 49.5 million tons, from 52.8 million. Ongoing logistical disruptions across key Black Sea export corridors have hampered shipments, forcing Russian exporters to increasingly rely on rail networks and Baltic ports to maintain trade flows. However, these alternative routes are nearing capacity, leaving limited room to offset further disruptions. Meanwhile, traders are watching next week's trilateral talks between Moscow, Kyiv and Washington for signs of progress toward ending the conflict, with any breakthrough potentially improving the outlook for global grain trade.

Wheat - Stats

Wheat fell to 585.81 USd/Bu on November 10, 2026, down 0.37% from the previous day. Over the past month, Wheat's price has fallen 12.86%, but it is still 9.29% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Wheat reached an all time high of 1350 in March of 2022. Wheat - data, forecasts, historical chart - was last updated on November 10 of 2026.

Wheat - Forecast

Wheat fell to 585.81 USd/Bu on November 10, 2026, down 0.37% from the previous day. Over the past month, Wheat's price has fallen 12.86%, but it is still 9.29% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Wheat is expected to trade at 599.37 USd/BU by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 647.30 in 12 months time.



Price Day Month Year Date
Soybeans 1,185.46 3.21 0.27% -7.94% 5.16% Nov/10
Wheat 585.81 -2.19 -0.37% -12.86% 9.29% Nov/10
Oat 334.27 0.2746 0.08% -18.52% 9.60% Nov/10
Rice 17.76 -0.0850 -0.48% 4.72% 67.47% Nov/10
Canola 754.90 -2.50 -0.33% -7.60% 16.60% Nov/10
Corn 439.95 0.6958 0.16% -8.91% 1.84% Nov/10



Related Last Previous Unit Reference
United States Corn Stocks 2.10 5.29 Billion Bushels Sep 2026
United States Soybean Stocks 0.32 1.06 Billion Bushels Sep 2026
United States Wheat Stocks 1.85 0.92 Billion Bushels Sep 2026

Wheat
Wheat is one of the most important staple crops globally, serving as a key source of food for human consumption and animal feed. Its prices are closely monitored due to their impact on food security, inflation, and global trade flows. Wheat futures are traded on major exchanges, including the Chicago Board of Trade (CBOT), Euronext, Kansas City Board of Trade (KCBT), and the Minneapolis Grain Exchange (MGEX). Standard contracts typically represent 5,000 bushels. On the supply side, China, India, Russia, the United States, France, Australia, and Canada are among the largest producers globally. Russia is the leading exporter, followed by the United States, Canada, France, Ukraine, Australia, and Argentina. Prior to the Russian invasion of Ukraine, Russia and Ukraine together accounted for a significant share of global wheat exports. Wheat prices displayed on Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments and are intended to provide a general market reference only. These prices do not represent official benchmark prices. The data is supplied by a third party and, while efforts are made to ensure its reliability, Trading Economics does not verify the data and makes no representations or warranties.
Actual Previous Highest Lowest Dates Unit Frequency
585.81 588.00 1350.00 212.50 1977 - 2026 USd/BU Daily

News Stream
Wheat Hits 18-week Low
Wheat decreased to 589.25 USd/Bu, the lowest since June 2026. Over the past 4 weeks, Wheat lost 12.08%, and in the last 12 months, it increased 10.32%.
2026-11-09
Wheat Falls to 4-Month Low
Wheat fell below $6.00 a bushel, reaching their lowest level since early July, as optimism over renewed peace efforts in the Black Sea region reduced the geopolitical risk premium. US-mediated talks between Ukraine and Russia are scheduled for November 10-11 in Abu Dhabi, with technical teams from both countries and the US expected to participate. US President Donald Trump also suggested that the conflict could end soon following discussions with a Kremlin envoy, raising hopes for an agreement that could eventually restore grain shipments from the region, a major global agricultural supplier. However, the prospect of peace adds to existing downward pressure from strong global supply. Wheat prices have declined steadily since reaching a 3-1/2-year high of $7.67 on August 28, as production is expected to reach its second-highest level on record, supported by larger harvests in Australia and Argentina.
2026-11-06
Wheat Rebounds on Dim Russian Export Outlook
Wheat rose to $6 per bushel, recovering from a near four-month low hit on November 4, as a tight Russian export outlook heightened concerns over global supplies. IKAR slashed its 2026–27 wheat export forecast from 42 million to 39.5 million metric tons, according to Interfax. Total grain export estimates were similarly downgraded to 49.5 million tons, from 52.8 million. Ongoing logistical disruptions across key Black Sea export corridors have hampered shipments, forcing Russian exporters to increasingly rely on rail networks and Baltic ports to maintain trade flows. However, these alternative routes are nearing capacity, leaving limited room to offset further disruptions. Meanwhile, traders are watching next week's trilateral talks between Moscow, Kyiv and Washington for signs of progress toward ending the conflict, with any breakthrough potentially improving the outlook for global grain trade.
2026-11-05