# Wheat Prices Climb on Black Sea Tensions Amid Mixed South American Crop Forecasts

> Chicago wheat futures rose 1.5% to $5.93 1/4 per bushel on November 13, recovering losses as Russia-Ukraine tensions and renewed strikes raised risks to Black Sea shipping. South American forecasts diverged, with Brazil's wheat estimate lowered to 5.3 million tons and Argentina's raised to 24.3 million tons. U.S. wheat export sales fell 66% week-over-week to 182.8 thousand tons, the lowest this marketing year.

- Date: 2026-11-14 · published 2026-11-15T06:06:02.802Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/100738-wheat-prices-climb-on-black-sea-tensions-amid-mixed-south-american-crop
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Disrupted Black Sea shipping tightens global wheat export availability, supporting wheat prices and feed-grain costs. The weak U.S. export sales pace limits the rally, so the price impact depends on how long shipping risks last.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-12-02 | [U.S. grains: Corn, wheat futures climb on Black Sea tensions - Grainews](https://feedsoft.ai/events/21560-u-s-grains-corn-wheat-futures-climb-on-black-sea-tensions-grainews.md) | -1.2% | -1.1% |
| WHEAT | 2023-05-05 | [Wheat prices surge as Kremlin drone attack stokes Black Sea tensions](https://feedsoft.ai/events/7380-wheat-prices-surge-as-kremlin-drone-attack-stokes-black-sea-tensions.md) | -1.9% | -5.2% |
| WHEAT | 2023-05-05 | [Black Sea tensions keep grain prices afloat](https://feedsoft.ai/events/7385-black-sea-tensions-keep-grain-prices-afloat.md) | -1.9% | -5.2% |
| WHEAT | 2024-05-21 | [Wheat prices soar as Black Sea crop causes concern \| Dry Bulk](https://feedsoft.ai/events/4594-wheat-prices-soar-as-black-sea-crop-causes-concern-dry-bulk.md) | -7.2% | -10.5% |
| WHEAT | 2023-07-20 | [Black Sea conflict boosts wheat prices in Southeast Asia, Australia \| S&P Global](https://feedsoft.ai/events/35106-black-sea-conflict-boosts-wheat-prices-in-southeast-asia-australia-s-and-p.md) | -0.7% | -1.3% |
| CORN | 2025-12-02 | [U.S. grains: Corn, wheat futures climb on Black Sea tensions - Grainews](https://feedsoft.ai/events/21560-u-s-grains-corn-wheat-futures-climb-on-black-sea-tensions-grainews.md) | +0.5% | +0.3% |
| CORN | 2023-05-05 | [Black Sea tensions keep grain prices afloat](https://feedsoft.ai/events/7385-black-sea-tensions-keep-grain-prices-afloat.md) | -0.2% | -7.5% |
| CORN | 2024-05-21 | [Wheat prices soar as Black Sea crop causes concern \| Dry Bulk](https://feedsoft.ai/events/4594-wheat-prices-soar-as-black-sea-crop-causes-concern-dry-bulk.md) | +3.2% | +3.0% |

## Sources

- insights.tridge.com: https://insights.tridge.com/speaker-product-news-reports/KJLyFXpzJzgKuB1Gqsm5QUKHGgR43AVdqLBxXRRATmn8S7Z8PdY22Pdu

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.