Wheat recovers from 3-month low, Black Sea supplies limit gains

After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.

• Sep 23, 2025Russia’s wheat exports from Black Sea ports fall to 460kt-0.2%
• Dec 5, 2022Wheat plunges to 3-month low on export competition-9.5%
• Aug 26, 2022Black Sea grains tempt Asia’s buyers with low prices 26.08.2022 - UkrAgroConsult+0.4%
• Jan 31, 2023Ukraine’s wheat and corn exports recover under Black Sea Grain Initiative | Economic Research Service+2.2%
• Jun 16, 2021Black Sea Wheat Exports To Grow 5% In 2021/22 | ESM Magazine-8.0%

After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.

• Mar 1, 2023Wheat recovers from 2021 lows; Black Sea grain in focus - Markets - Business Recorder+2.0%
• Mar 23, 2020U.S. grains: Wheat jumps to one-month top - AgCanada-0.8%
• Jan 23, 2020Wheat pulls back from recent highs - Brownfield Ag News-1.0%
• Sep 14, 2018Wheat manages week to week gains - Brownfield Ag News+2.4%
• Mar 2, 2018Exclusive: Sierentz Global Merchants to start grain trade in May with Black Sea focus | Reuters+1.2%

After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% over 20.

• Mar 1, 2023Wheat recovers from 2021 lows; Black Sea grain in focus - Markets - Business Recorder+2.3%
• Dec 5, 2022Wheat plunges to 3-month low on export competition+3.1%
• Oct 25, 2025Black Sea Grain Market Analysis+5.6%
• Sep 29, 2026US soybeans rise on bargain buying, China tariff decision limits gains - Markets - Business Recorder-0.6%
• Nov 4, 2025Soybeans ease after rally; wheat hits three-month high — TradingView News-0.3%