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Wheat Climbs as Weak Russian Export Outlook Fans Supply Concerns

Bloomberg Markets Thursday 05 November 2026, 04:46 UTC By Hallie Gu 1 min read
Key Points

Commodities Wheat Climbs as Weak Russian Export Outlook Fans Supply Concerns Wheat advanced as a weaker outlook for Russian exports fueled concerns over global supplies, with Black Sea disruptions continuing to curtail shipments from the key grain-producing region. The most active wheat futures in Chicago rose as much as 0.7%, snapping a two-day decline, after Russian agricultural consultancy IKAR cut its 2026-27 wheat export forecast to 39.5 million tons from 42 million tons, Interfax...

Commodities Wheat Climbs as Weak Russian Export Outlook Fans Supply Concerns Wheat advanced as a weaker outlook for Russian exports fueled concerns over global supplies, with Black Sea disruptions continuing to curtail shipments from the key grain-producing region. The most active wheat futures in Chicago rose as much as 0.7%, snapping a two-day decline, after Russian agricultural consultancy IKAR cut its 2026-27 wheat export forecast to 39.5 million tons from 42 million tons, Interfax reported. It also lowered its estimate for total grain exports to 49.5 million tons from 52.8 million tons.
Russian (ORG) Black Sea (LOCATION) Chicago (LOCATION) IKAR (ORG) Interfax (PERSON)
Originally published by Bloomberg Markets Read original →

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