bne IntelliNews - The Black Sea war sends world wheat prices up

After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.

• Feb 24, 2023Black Sea grain exports seen moderating global grain prices | World Grain-2.9%
• Jul 3, 2017World crop outlook breathes life into wheat prices - Grain Central-0.1%
• May 27, 2021World Wheat Market Factors to Watch in the New U.S. Marketing Year-1.6%
• May 12, 2022Tightening US and World Wheat Supplies Send Wheat Futures Prices to Near Limit Gains+5.9%
• Jun 29, 2017World Wheat Production to Decline in 2017/18 - U.S. Wheat Associates+2.3%

After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.

• Feb 24, 2023Black Sea grain exports seen moderating global grain prices | World Grain-2.9%
• Apr 8, 2022Ukraine war drives international food prices to ‘new all-time high’ | UN News-0.7%
• May 8, 2026Global food prices up for third straight month | World Grain+1.3%
• Jun 10, 2022June WASDE: More hard red wheat losses push up prices-1.2%
• Oct 18, 2021Wheat prices rose sharply after the release of the October USDA report+1.5%