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Wheat rose to around $7.65 per bushel, near its highest since February 2023, as renewed Black Sea attacks heightened grain supply concerns. Turkey proposed a plan for safe grain movement, but Moscow rejected a moratorium on attacks, and Russian strikes damaged Ukrainian port facilities.
Russia and Ukraine together supply over a quarter of global wheat shipments, so ongoing port damage and stalled talks sustain upward pressure on wheat prices. Feed buyers should expect elevated grain costs while shipping uncertainty continues.
tradingeconomics.comAgna GabrielSep 1, 2026After 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.
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.
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.
