# Wheat Rises Toward 3-1/2-Year High

> 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.

- Date: 2026-09-01 · published 2026-09-01T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/12759-wheat-rises-toward-3-1-2-year-high
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

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.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-07-22 | [Wheat Rallies to Near 3 Year Highs on Wednesday on Black Sea Export Limitations](https://feedsoft.ai/events/9560-wheat-rallies-to-near-3-year-highs-on-wednesday-on-black-sea-export-limitations.md) | -1.8% | +2.5% |
| WHEAT | 2022-02-23 | [Winter Wheat Prices Touch 9-Year High on Russia, Ukraine Fears - Bloomberg](https://feedsoft.ai/events/42748-winter-wheat-prices-touch-9-year-high-on-russia-ukraine-fears-bloomberg.md) | +6.4% | +26.3% |
| WHEAT | 2022-02-24 | [Wheat, soybeans hit nine-year highs as Russia invades Ukraine](https://feedsoft.ai/events/8527-wheat-soybeans-hit-nine-year-highs-as-russia-invades-ukraine.md) | +6.8% | +25.3% |
| WHEAT | 2022-03-02 | [Wheat Futures Price Soars to 14-Year High as Russia Invasion Chokes Trade - Bloomberg](https://feedsoft.ai/events/42310-wheat-futures-price-soars-to-14-year-high-as-russia-invasion-chokes-trade.md) | +6.9% | +20.3% |
| WHEAT | 2026-08-28 | [Corn and wheat prices jump to highest prices in more than three years](https://feedsoft.ai/events/12344-corn-and-wheat-prices-jump-to-highest-prices-in-more-than-three-years.md) | +3.3% | +6.8% |
| KWHEAT | 2026-07-22 | [Wheat Rallies to Near 3 Year Highs on Wednesday on Black Sea Export Limitations](https://feedsoft.ai/events/9560-wheat-rallies-to-near-3-year-highs-on-wednesday-on-black-sea-export-limitations.md) | -0.9% | +1.5% |
| KWHEAT | 2022-02-23 | [Winter Wheat Prices Touch 9-Year High on Russia, Ukraine Fears - Bloomberg](https://feedsoft.ai/events/42748-winter-wheat-prices-touch-9-year-high-on-russia-ukraine-fears-bloomberg.md) | +14.8% | +26.6% |
| KWHEAT | 2022-03-02 | [Wheat Futures Price Soars to 14-Year High as Russia Invasion Chokes Trade - Bloomberg](https://feedsoft.ai/events/42310-wheat-futures-price-soars-to-14-year-high-as-russia-invasion-chokes-trade.md) | +17.2% | +1.2% |

## Sources

- tradingeconomics.com: https://tradingeconomics.com/commodity/wheat/news/580121

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