# Wheat jumps 1% to near 2-week high on Black Sea supply concerns - Markets - Business Recorder

> Chicago wheat rose about 1% to near a two-week high after Russian strikes hit port infrastructure in Odesa, Ukraine. The UN World Food Programme warned that blocked Black Sea routes and attacks on food infrastructure could constrain Ukraine's future wheat output. Soybeans slipped while corn edged higher.

- Date: 2023-11-22 · published 2023-11-22T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/12251-wheat-jumps-1-to-near-2-week-high-on-black-sea-supply-concerns-markets-business
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Attacks on Ukrainian export ports raise the risk of reduced Black Sea wheat supply, supporting wheat prices and feed grain alternatives. Brazilian dryness continued to underpin soybeans.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-05-04 | [Wheat climbs to one-week high on Black Sea supply concerns - Markets - Business Recorder](https://feedsoft.ai/events/7384-wheat-climbs-to-one-week-high-on-black-sea-supply-concerns-markets-business.md) | -1.4% | -5.5% |
| WHEAT | 2022-03-21 | [Wheat rebounds on Black Sea supply worries; corn, soybeans rise 1% - Markets - Business Recorder](https://feedsoft.ai/events/6245-wheat-rebounds-on-black-sea-supply-worries-corn-soybeans-rise-1-markets.md) | +15.8% | +5.9% |
| WHEAT | 2026-07-22 | [Chicago wheat jumps on renewed attacks on Black Sea ports - Markets - Business Recorder](https://feedsoft.ai/events/9558-chicago-wheat-jumps-on-renewed-attacks-on-black-sea-ports-markets-business.md) | -1.8% | +2.5% |
| WHEAT | 2022-11-01 | [Palm oil surges nearly 5% on worries over Black Sea supplies - Markets - Business Recorder](https://feedsoft.ai/events/8072-palm-oil-surges-nearly-5-on-worries-over-black-sea-supplies-markets-business.md) | +7.3% | +7.7% |
| WHEAT | 2026-08-31 | [Russian wheat export prices climb as Black Sea supplies shrink - Markets - Business Recorder](https://feedsoft.ai/events/17952-russian-wheat-export-prices-climb-as-black-sea-supplies-shrink-markets-business.md) | +2.2% | +6.1% |
| CORN | 2026-07-29 | [Wheat up 1%, rises for second session on Black Sea disruptions \| ZAWYA](https://feedsoft.ai/events/18383-wheat-up-1-rises-for-second-session-on-black-sea-disruptions-zawya.md) | -3.5% | +5.0% |
| CORN | 2026-10-01 | [US Harvest Progress Caps Corn Gains as Black Sea Talks Pressure Wheat](https://feedsoft.ai/events/17499-us-harvest-progress-caps-corn-gains-as-black-sea-talks-pressure-wheat.md) | -1.2% | -6.7% |
| CORN | 2026-07-30 | [First Thing Today \| Wheat rallies overnight on Black Sea shipping disruptions - Pro Farmer](https://feedsoft.ai/events/18380-first-thing-today-wheat-rallies-overnight-on-black-sea-shipping-disruptions-pro.md) | -2.5% | +9.4% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40274580

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