A FRAGILE, TECHNICAL AND GEOPOLITICAL REBOUND…

12 Nov 2026
World wheat markets reached their highs in early September. Since then, prices have fallen by nearly 20%,
reaching very strong technical support levels at $6/
bu on CBOT, €220/t on MATIF and £200/t on LIFFE.
Prices rallied this summer because of Black Sea export
disruptions. They have since fallen because markets
anticipate a rapid solution allowing exports to resume.

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