Business · Energy & Commodities · 4 hrs ago
International wheat prices fall after a sharp rise
Wheat prices have fallen on international markets after a sharp rise, while prices in Brazil have remained stable.
In Chicago, the most-traded December contract fell to $6.10 per bushel from $7.04 on October 10.
Global wheat output is forecast to fall to 822 million tonnes in the 2026/27 season, down from 844 million the previous season.
Poor harvests are expected in the European Union, Australia and Canada, while Argentina’s crop estimate has been revised upward.
Brazil is forecast to harvest 5.7 million tonnes, far below its annual consumption of 12 million.
The country will need to import at least 7.1 million tonnes, according to its national food supply agency.
Consumers have not yet seen lower prices: bread rolls in São Paulo rose 1.15% over four weeks and are up 2.7% this year.
International wheat prices have fallen after a sharp rise, with the December contract in Chicago at US$6.10 per bushel.
The Chicago contract had reached US$7.04 on October 10.
In Brazil, wheat prices were stable at R$1,564 per tonne in Paraná, according to Cepea.
The USDA forecast global wheat production of 822 million tonnes for the 2026/27 season, down from 844 million in 2025/26.
Brazil’s wheat crop is estimated at 5.7 million tonnes, while annual consumption is 12 million tonnes.
- Who
- Wheat market participants and producers. The sources do not identify specific buyers or sellers.
- What
- International wheat prices fell after a sharp rise. Prices in Brazil were stable.
- When
- The report was published on October 27, 2026; the Chicago contract had reached US$7.04 on October 10.
- Where
- The international market, including Chicago, and the Brazilian market.
- Why
- Not stated
This story does not have two clearly opposing sides.
The Chicago December wheat contract reached US$7.04 per bushel.
Folha reported that the contract had fallen to US$6.10 per bushel after a period of sharp increases.
- Chicago December contract
- US$6.10 per bushel
- Chicago contract peak
- US$7.04 per bushel on October 10
- Paraná wheat price
- R$1,564 per tonne
- Global wheat production forecast
- 822 million tonnes in 2026/27
- Brazil wheat production estimate
- 5.7 million tonnes
- Brazil annual wheat consumption
- 12 million tonnes