# CRMAgri - Latest - Weekly Grains Outlook - Black Sea shipping disruptions

> Russia's July wheat exports were 1.6 million tonnes, the lowest July figure in nine years and half the five-year average, despite large Russian wheat stocks. Revived Russia-Ukraine hostilities have added risk premium to wheat prices, offsetting northern hemisphere harvest pressure. Heat damage to EU and US crops and El Niño concerns also add support.

- Date: 2026-08-10 · published 2026-08-10T12:00:00.000Z
- Category: geopolitics · region Black Sea · magnitude medium
- Page: https://feedsoft.ai/events/14095-crmagri-latest-weekly-grains-outlook-black-sea-shipping-disruptions
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Shipping disruption combined with weather concerns tightens export balance sheets and supports wheat prices, although large carryover stocks limit the rally during harvest.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 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) | -1.3% | +3.6% |
| WHEAT | 2022-02-26 | [Black Sea Grain Export Disruptions Won't Be Easy to Replace, Analyst Says](https://feedsoft.ai/events/42751-black-sea-grain-export-disruptions-won-t-be-easy-to-replace-analyst-says.md) | +12.1% | +26.0% |
| WHEAT | 2026-07-29 | [Wheat futures rise on Black Sea export disruptions By Investing.com](https://feedsoft.ai/events/18403-wheat-futures-rise-on-black-sea-export-disruptions-by-investing-com.md) | -1.4% | +2.4% |
| WHEAT | 2024-11-27 | [How much Black Sea wheat is at risk of disruption? Grain market daily  \| AHDB](https://feedsoft.ai/events/14251-how-much-black-sea-wheat-is-at-risk-of-disruption-grain-market-daily-ahdb.md) | -0.1% | +2.1% |
| WHEAT | 2022-07-07 | [World of shipping remains disrupted](https://feedsoft.ai/events/16698-world-of-shipping-remains-disrupted.md) | -5.1% | -4.3% |
| CORN | 2022-02-26 | [Black Sea Grain Export Disruptions Won't Be Easy to Replace, Analyst Says](https://feedsoft.ai/events/42751-black-sea-grain-export-disruptions-won-t-be-easy-to-replace-analyst-says.md) | +10.4% | +14.4% |
| CORN | 2022-07-07 | [World of shipping remains disrupted](https://feedsoft.ai/events/16698-world-of-shipping-remains-disrupted.md) | -0.6% | -15.3% |
| CORN | 2023-05-05 | [Chicago grains end week up as no new Black Sea ships authorized](https://feedsoft.ai/events/7379-chicago-grains-end-week-up-as-no-new-black-sea-ships-authorized.md) | -0.2% | -7.5% |

## Sources

- crmagri.com: https://crmagri.com/latest/weekly-grains-outlook-100826

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