The decline in the euro's value against the dollar had a significant impact, reducing the competitiveness of US exports and leading to lower-than-expected demand for US wheat. As the price drop entered its ninth week, it became the longest consecutive decline in the last 30 years.
Wheat Price Drops to US$226 in Chicago
There has been a new decline in wheat prices. According to Blasina y Asociados, the December 2026 wheat reference in the Chicago market has dropped to US$226; the price has fallen by more than US$60 per ton since its peak in September. This reference is used in the pricing of beer barley in Uruguay.
Sources
English translation of AgroAjans’s Turkish report. Original publishers are linked above.
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