GRAINS-Chicago wheat hits multi-year peak after Russia rejects Black Sea grain plan

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.

• Oct 31, 2022Wheat futures jump, hitting record high in Sydney, after Russia exits Black Sea deal - Grain Price News-5.6%
• Jul 17, 2023Black Sea grain deal expires after Russia quits | Reuters+2.4%
• Oct 31, 2022Wheat up 6% after Russia quits Black Sea pact; corn, soy firm | Reuters-5.6%
• Oct 31, 2022U.N. Black Sea grain pact under threat as Russia quits | Reuters-5.6%
• Jul 17, 2023Black Sea grain deal: What's next now that Russia has pulled out?+2.4%

After 94 past bullish geopolitics events, Wheat (HRW) moved a median +0.1% over 5 sessions (50% higher; middle half -2.7% to +5.8%), and +0.1% over 20.

• Oct 31, 2022Wheat futures jump, hitting record high in Sydney, after Russia exits Black Sea deal - Grain Price News+3.1%
• Jul 17, 2023Black Sea grain deal expires after Russia quits | Reuters+6.3%
• Oct 31, 2022Wheat up 6% after Russia quits Black Sea pact; corn, soy firm | Reuters+3.1%
• Jul 22, 2026Chicago wheat jumps on renewed attacks on Black Sea ports - Markets - Business Recorder-0.9%
• Oct 31, 2022Wheat futures jump as Russia pulls out of Black Sea agreement | CBC News+3.1%