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EU #wheat futures ↓ €3/MT following confirmation of trilateral #peace talks between #Ukraine, #Russia &the US scheduled for 10–11 No . #AUD ↓0.34c amid softer #RBA guidance despite interest rates rising to 4.85%, while stronger #US #employment_data strengthened the USD.

Dec’26 #wheat ↑ 3.0 USc/bu near the midpoint of a narrow 8.5 USc/bu trading range. #Prices remain in a medium-term downtrend and appear to be consolidating around 600 USc/bu. The #AUD ↓ 0.29c amid weaker Chinese data and firmer #US yields.

🌾 #Aussie wheat prices slump as markets price in a best-case outcome for #Black Sea exports. But will logistics improve that quickly? 🌧️ #Rain is delaying harvest, yet local prices keep falling. What’s next? Contact us to discuss your grain marketing strategy.

Dec ’26 #wheat closed up 4.75 USc/bu amid reports that China’s COFCO could be enquiring about purchasing US SRW wheat. The #AUD fell 0.27 USc as stronger-than-expected US economic growth and persistent inflation supported the USD.

Dec’26 #wheat ↓ 11.25 USc/bu amid reports that #Russia allowed some grain vessels to pass through the Kerch Strait for the first time since July. The #AUD ↑ 0.29c as stronger-than-expected Australian inflation increased expectations of an #RBA rate hike.

Dec’26 #heat fell 5.75 USc/bu on bearish production forecasts for #Australia & #Argentina. The #AUD rose 0.09 USc on #RBA rate hike expectations, with markets awaiting Australian #inflation data and the #US Fed’s rate decision.

Dec 26 #wheat ↓9.0 USc/bu amid rumours that #Ukraine, #Russia and the #US may meet, potentially restoring Black Sea vessel movements and access to cheap wheat. The #AUD ↓0.19c as markets remained cautious ahead of Australian #CPI and the Fed’s rate decision.

Dec’26 #wheat closed down 0.25 USc/bu as hopes for #PeaceTalks between #Russia and #Ukraine calmed the wheat market despite ongoing attacks. The #AUD rose 0.19c, supported by expectations of further #RBA tightening.

On 21 Oct, #EU milling #wheat fell €8.75/MT (~A$14/MT) as Russia agreed in principle to resume US-mediated peace talks. #Chicago wheat hit its lowest level since early July. However, Black Sea attacks continue, severely restricting wheat exports. Is the market too optimistic?

EU #wheat futures rose €1.50/MT as Europe’s summer heatwave reduced corn production, boosting demand for wheat. The #AUD fell 0.08c as higher US bond yields and softer risk sentiment weighed on the currency.

#Euro wheat futures fell €8.75/MT as Russia agreed to resume peace talks with Ukraine and the US, potentially easing restrictions on Black Sea grain shipments. The #AUD rose 0.19c, underpinned by hawkish RBA commentary and softer US Treasury yields.

Dec’26 #wheat ↓12.00 USc/bu as Hungary’s Prime Minister suggested the country could allow #Ukrainian grain transit following President #Zelensky’s request. The AUD ↑0.26c, supported by a weaker #USD, lower US Treasury yields and stronger US equities.

Dec ’26 #wheat ↓ 5.25 USc/bu (A$2.50/t), nearing support at 655 USc/bu as funds increased their net short position to 17.6k contracts. The #AUD ↑ 0.49 #US cents, lifted by strong #Chinese #economic data.

Dec’26 #wheat ↓9.50 USc/bu as US wheat ##export sales fell 29% w/w and 47% below the same week last year. The #AUD ↑0.49 US cents, while weaker #Australian #employment data reduced expectations of an #RBA rate hike.

Dec ’26 #wheat ↓ 3.25 USc/bu as forecast #rainfall may ease drought conditions across HRW-growing areas. The #AUD ↓ 0.49 US cents following reported job losses, reducing expectations of a Nov #RBA rate hike.

Dec’26 #wheat ↑4.0USc/bu (A$2/t), finding support near 660USc/bu but remaining below 675USc/bu resistance. #US winter wheat planting lagged average at 51%. #AUD ↓0.10c as stronger US #inflation supported USD, with Australian #employment data ahead.

WASDE Update USDA cut #Russia’s wheat export forecast to 40 MMT, ↓7% m/m and 17% y/y, while its early-season export pace is ~40–50% below last year. If Russia falls short, demand is expected to shift to major non-Black Sea exporters, whose wheat balance sheets are already tight.

Dec’26 #wheat ↓3 USc/bu as forecast #US_rainfall is expected to improve #soil_moisture. EU #corn hit a contract high of €289/MT as dry conditions reduced corn production, lifting EU wheat alongside it. The AUD ↑0.22c as hawkish RBA minutes kept further rate hikes on the table.

Dec’26 #wheat ↑ 1.25 USc/bu as world wheat stocks fell 0.25 MMT to 276.04 MMT. The #AUD ↓ 0.24 US cents as escalating #Middle_East tensions and rising #oil prices strengthened the #USD.

Dec’26 #wheat ↓ 12.25 USc/bu as USDA raised major #exporters’ ending stocks by 2 MMT to 70.6 MMT (down 7.6 MMT y/y). #AUD ↑ 0.25c as USD weakened following a fall in October #US consumer sentiment to 46.3 (vs 48.1 previously).