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Corn and wheat both reached their highest levels in more than three years. Wheat rallied on Black Sea export disruption tied to Russia-Ukraine tensions, while corn rose on tighter US supply expectations and strong demand.
Two separate supply shocks are lifting feed grain prices at the same time. Buyers face higher costs for corn and for wheat used in feed, with the price direction bullish for both.
cnbc.comDeena ZaidiAug 28, 2026After 323 past bullish geopolitics events, Corn moved a median +0.5% over 5 sessions (57% higher; middle half -1.5% to +2.9%), and +0.9% over 20.
After 361 past bullish geopolitics events, Wheat (SRW) moved a median +0.7% over 5 sessions (58% higher; middle half -1.4% to +3.7%), and +1.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
