CommoditiesMediumUpdated×2•Originally published 11 November 2026•Updated 11 November 2026•
1 min read
CBOT Wheat Prices Rise to $5.99 Following USDA WASDE Report
Key Facts
1CBOT wheat prices climbed due to escalating concerns regarding grain shipping in the Black Sea region.
CBOT wheat futures advanced 6 cents to reach $5.99 per bushel. Reports indicated that traders drove the price higher while assessing the USDA WASDE report, which added to existing concerns over global grain supplies.
The price action reflects ongoing risks surrounding grain exports from Russia and Ukraine via Black Sea shipping routes. This upward movement follows previous data from November 5, 2026, which showed Russia's services sector PMI at 50.1, indicating a slowdown in activity.
Latest Updates · 1
- Notable·
Update: Price pressures extended to European markets, where wheat futures rose on November 11, 2026. The increase followed reports of stalled negotiations regarding maritime shipping safety, further heightening uncertainty over global grain flows.